Dipankar Ghosh, administator at PwC, said: ‘I am delighted to announce the sale of Enron Metals Limited. We received strong expressions of interest from 20 parties – the offer from Sempra was the best.’
He added: ‘The sale is good news for EMGL’s creditors as well as for the employees and the counterparties of Enron Metals Limited.’
The metals business was bought by Enron, the US energy giant, in June 1999 for £300m in a bid to diversify into trading products. The business’ sale price to Sempra was expected to be significantly lower than its sale price to Enron.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars