Sun Energy and Vitol Among Potential Bidders for Vibrant Energy Acquisition – EQ
According to sources familiar with the situation, Indonesian solar energy producer Sun Energy and global energy trading firm Vitol have submitted bids to acquire Macquarie-owned Vibrant Energy, which provides green power to commercial and industrial units.
On February 23, it was reported that Macquarie had hired an investment bank to handle the sale of Vibrant Energy.
“They have recently received non-binding offers from Sun Energy and Vitol, and the bidders will soon begin due diligence on the assets,” one of the above-mentioned sources said.
According to the source, the company’s equity value is likely to be around $200 million, with an enterprise value (EV) of close to $500 million.
According to sources familiar with the situation, Indonesian solar energy producer Sun Energy and global energy trading firm Vitol have submitted bids to acquire Macquarie-owned Vibrant Energy, which provides green power to commercial and industrial units.
On February 23, it was reported that Macquarie had hired an investment bank to handle the sale of Vibrant Energy.
“They have recently received non-binding offers from Sun Energy and Vitol, and the bidders will soon begin due diligence on the assets,” one of the above-mentioned sources said.
According to the source, the company’s equity value is likely to be around $200 million, with an enterprise value (EV) of close to $500 million.
