Meanings of form consortia in inglés

Private equity firms are expected to team up to form consortia in the next round.

Most of the talks to form consortia between Petrobras and other oil firms were and brief and informal, according to the sources.

They have until March 31 to make a formal expression of interest and are expected to form consortia to meet that next hurdle.

Given the size of the asset, the funds are also in discussions to form consortia, potentially with investors including sovereign wealth funds (SWFs).

Since November, when Petrobras selected four groups to deliver binding offers for the first four refineries, companies interested have been in talks to form consortia.

Some groups are forming consortia prior to the launch of the process.

Teaming up would help share that cost, prompting several buyout shops to think about forming consortia, the sources said.

Reuters disclosed in October that 20 groups, which formed consortia because of the size of the deal, were interested in bidding.

Before the selection process begins, resort operators including MGM and Hard Rock Cafe International Inc have been forming consortia with prospective hosts and domestic companies.