Maple Energy gets solid offer from Graña y Montero and Alcogroup

In Peru, Maple Energy has received an offer from Graña y Montero and Alcogroup for an initial $4 million to acquire an equity interest of 40% in The Maple Companies, Limited, the subsidiary dedicated to ethanol production and hydrocarbons operations, in which Maple has a 95.4% interest. The investors will commit to make a further equity investment of $13 million in MCL as part of a capital increase, thereby further diluting the shareholding of the Company in MCL. The investors will also pay $31 million for the gas assets.