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Foreign-Backed Consortium in Talks for Petrobras Gas Fields in Brazil, Sources Say | Investing News

October 8, 2020
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| business

By Gram Slattery and Carolina Mandl

RIO DE JANEIRO/SAO PAULO (Reuters) – A consortium of Brazil’s 3R Petroleum and Norway-linked DBO Energy is in bilateral talks with Brazil’s Petrobras to purchase a cluster of offshore natural gas fields, according to two sources with direct knowledge of the matter.

The Peroa cluster, located off the coast of Espirito Santo state, would be among the first all-gas offshore fields sold by Petrobras amid a larger push to break the company’s near-monopoly in Brazil’s natural gas value chain.

Petroleo Brasileiro SA , as the state-controlled firm is formally known, has long dominated most segments of the Brazilian natural gas sector. But in recent years, it has begun selling off pipelines and assets in transport and distribution, in a move the company and the government hope will spur competition.

Several international firms already produce significant amounts of natural gas in Brazil, as they operate

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Mohegan-Led Consortium Offers 150 Million Euros for Greek Casino Licence | Investing News

October 8, 2020
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| business

ATHENS (Reuters) – A consortium led by U.S. casino operator Mohegan Gaming & Entertainment [MOTGA.UL] has offered 150 million euros ($176 million) for a licence to build and operate a luxury casino resort in Athens, a Greek minister said late on Wednesday.

Mohegan and its Greek partner GEK TERNA
had advanced to the next phase of a long-delayed tender for the construction and 30-year operation of a casino resort on the site of the former Hellenikon airport, part of an 8 billion euros redevelopment plan by Greek developer Lamda

.

Greece’s gaming commission, which is handling the tender, on Wednesday opened Mohegan’s financial bid, Development Minister Adonis Georgiadis told a Greek TV station.

“The tender had set a minimum price of 30 million euros … Mohegan offered a lump sum of 150 million,” he said.

The next steps in the process include signing the contract and clearing it with Greek

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