The state company Petroperú, immersed in a financial crisis, announced this Tuesday that it awarded the firm Plus Tasa SAC the service of commercial appraisal of 55 properties considered expendablewithin your asset optimization plan. According to the official statement, the properties are located in the departments of Áncash, Huánuco, Lambayeque, Lima, Loreto, Pasco, Piura, Tumbes and Ucayali.
The objective of the appraisal is to establish both the commercial value and the probable sale price of these assets. This contract represents a step in the strategy to manage the company’s real estate portfolio.
Petroperú indicated that the result of the appraisal will allow the Private Investment Promotion Agency (Proinvestment) continue with the administrative and operational procedures associated with the disposition and sale of these assets.
The announcement was made a day after the state entity reported that it will launch a second international call for comprehensive transformation service in mid-November. This decision responds to the fact that the previous process was declared void on November 7, after the evaluation of the proposals presented.
Within the framework of the restructuring, an international competition was launched on September 26 to award the comprehensive transformation service under technical requirements related to experience in debt structuring and restructuring operations, as well as in the design and execution of reorganization, operational transformation and management processes in state-owned companies or companies with state participation.
Of the five proposals received, four were disqualified for not meeting the technical requirements. The only accepted offer exceeded 17% of the estimated reference amount, which is why the call was declared void, following the rules of the process.
Petroperú anticipated that the second international call will open in mid-November and the procedure will end in the third week of December.
Although the administration of the former president Dina Boluarte supported the issuance of bonds in favor of the oil company, the government of his interim successor, José Jerí, maintained that “Peru can no longer continue spending on something that it is no longer profitable”.
The former president of the company, Alejandro Narváez, was removed from office, and the current chief of staff, Ernesto Alvarezhe recently noted in Panorama that Petroperú needs to opt for a public-private model, complete sale or division into sections for disposal in parts.
“I believe that the new board obviously has to review (…) to help the restructuring of the company, because time is against us and we are facing a critical situation,” he considered. Pedro Gamioformer director of Petroperú, in dialogue with Channel N.
The former minister acknowledged a slight improvement in debt pressure during the last year, although he considered it insufficient. “While it is true that there has been an improvement in the last twelve months in debt pressure, this improvement is still insufficient and still in intensive care”, he noted.
“(The state company) needs the most effective management to defend its percentage in the market and call on top-level partners to reinforce and ensure that political management is not going to put the company in a critical situation again,” he concluded.
