Sorgenia may need more equity
Sorgenia's bank group for its new CCGT genco is so far up to four – Intesa, Mediobanca, WestLB and MPS – and the company now has to decide if it wants to settle for a 50:50 debt/equity split or wait for more banks at the risk of incurring penalties in its EPC contract with Ansaldo. Other banks such as BNP Paribas and UniCredit are looking at the deal positively but have not yet committed.
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