Apr
24
Mercuria CEO mulls energy-asset deals with private-equity firms
ByPHOTO: BLOOMBERG
[GENEVA] Mercuria Energy Group is looking to tie up with private-equity firms to buy oil and gas production amid weak crude prices, said Chief Executive Officer Marco Dunand.
Mercuria could spend as much as US$1 billion on majority or minority stakes and will study projects in places including the US, Argentina and Nigeria, he said in an interview.
“Now that we are in the lower part of the cycle, it will be interesting,” MR Dunand, also the company’s co-founder, said at the FT Commodities Global Summit in Lausanne, Switzerland…
Mercuria CEO mulls energy-asset deals with private-equity firms