U.S. private equity firm First Reserve and Mexico’s Pemex are nearing a sale and leaseback agreement worth at least $500 million, sources familiar with the operation said on Wednesday, as state-owned Pemex rushes to get extra cash.
One source said the deal was worth $500 million, while a second source said it was worth close to $600 million, adding that the deal would be signed early next week.
Pemex and First Reserve both declined to comment.
Bloomberg first reported the deal earlier on Wednesday.
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