ProSep ‘mulls financing options’

Looking at options: ProSep is also asking for a loan waiver

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Eoin O'Cinneide

 19 March 2013 15:37 GMT

Canada’s ProSep could be put up for sale as the process solutions provider investigates “strategic alternatives” in a review of financing opportunities.

The company has also begun the process of filling its coffers with the sale of its controlling stake in a South Korean joint venture.

ProSep said on Tuesday that it “formed a special committee to review the financing opportunities and other alternatives that may be available to the company”.

Auditor giant KPMG has been retained as an adviser in the review.

ProSep said the result of the strategic review could be “the acquisition of shares of the company, the divestiture of non-core assets, the entering into a joint venture, merger, combination, take-over, going private or other collaboration agreement, a recapitalisation, a…

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