Jun 6, 2011

Vallares & Energi Mega shares pledge

Financier Nathaniel Rothschild and Tony Hayward, former CEO BP, is preparing a new vehicle dubbed Vallares for initial public offering in June or July to scout US$1.6 billion proceed.
Three sources familiar with the deal, as quoted by Bloomberg News, said Credit Suisse and JPMorgan Chase are advising Hayward. Vallares is designed to acquire oil and gas assets. What oil and gas assets?
Disclosure: No position at the stock mentioned above.

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