INTL FCStone Inc. Announces Advisory and Project Finance Engagement for
Refinery Project in Colombia
NEW YORK, July 25, 2013 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL)
today announced that the investment banking division of its wholly-owned
subsidiary, INTL FCStone Securities Inc., was retained as the exclusive
financial advisor for Refineria Colombiana Sebastopol S.A., an industrial
complex development in Colombia consisting of a heavy crude greenfield oil
refinery with an initial capacity of 60,000 bpd (with a planned expansion to
100,000 bpd), a river port facility, a 125 MW cogeneration plant, and an
industrial duty free zone. The complex will be located on a 313 hectare area
in the department of Santander, Colombia.
Camilo Salomon, Managing Director of Infrastructure Project Finance of INTL
FCStone Securities Inc., commented, "This project marks the beginning of a new
era in the oil refining industry in Colombia as it is the first time that
private investors have been permitted to participate in this business. Instead
of competing with the government-owned refining industry, Sebastopol aims to
supply a considerable number of refined products not produced domestically."
The complex's strategic location along the banks of the Magdalena River will
be designated as a permanent free-trade zone. The complex has access to major
export ports in the Caribbean, an extensive network of roads connecting the
country, two major oil pipelines, and Ecopetrol's Distribution Centre
(Ecopetrol is Colombia's state owned oil company). The complex's refinery
operation will use deep conversion technology to produce high quality diesel
as well as other byproducts such as jet fuel and marine fuel, and will be
complementary to Ecopetrol's refinery operations.
About INTL FCStone Securities Inc.
INTL FCStone Securities Inc. provides trading, market making, investment
banking and corporate finance services to customers around the globe. The
investment banking division provides capital raising, mergers and acquisitions
advisory, trade finance and bank loan syndication as well as restructuring and
corporate advisory services to middle market firms in the natural resources,
agriculture, financial institutions, and power generation sectors. INTL
FCStone Securities Inc. (member FINRA/SIPC) is a wholly owned subsidiary of
INTL FCStone Inc. (Nasdaq:INTL).
About INTL FCStone Inc.
INTL FCStone Inc. (INTL) provides execution and advisory services in
commodities, currencies and international securities. INTL's businesses, which
include the commodities advisory and transaction execution firm FCStone Group,
serve more than 20,000 customers in more than 100 countries through a network
of offices in twelve countries around the world.
Further information on INTL is available at www.intlfcstone.com.
CONTACT: INTL FCStone Inc.
Director of Public Relations
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