EIG Prepares New Pacific E&P Bid as Catalyst Faces Hurdle

  • IFC said to be withholding consent to use assets as collateral
  • New offer said to be better than proposal from Catalyst

EIG Global Energy Partners is preparing a fresh bid for Pacific Exploration & Production Corp. by a May 5 deadline, just ahead of a court hearing on the Colombia-based oil producer’s restructuring, people with knowledge of the matter said.

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