The deal, the third main sale of Enron’s European businesses since it went into administration at the end of November, could be announced in days, according to reports.
Glencore, the Swiss commodities trader, San Diego-based Sempra Energy, HSBC and Goldman Sachs are all rumoured to be potential buyers.
It is however understood that PwC has already selected a buyer and is working on finalising the deal before early next week.
The metals business was bought by Enron in June 1999 for £300m in a bid to diversify into trading products. But bids for the business are expected to be significantly lower than its sale price to Enron.
PwC secured a sale in mid-December of the energy giant’s London-based international coal team to American AEP Energy Services.
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Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel