PetroRio to acquire Dommo Energia for $180m.

Financials

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Transaction Value£155m

Consideration TypeCash

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Dommo Energia

bidder

Petro Rio

Sources

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Press Release

Dommo Energia - 1 Sep 2022

Tags

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Friendly

Acquisition

Domestic

Pending

Single Bidder

Brazil

Private

Integrated Oil and Gas

oil and gas

Majority

Synopsis

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PetroRio, an oil company, agreed to acquire Dommo Energia, an oil and gas company, for $180m. Dommo's shareholders will receive 0.05 PetroRio shares or 1.85 real per Dommo share. Under the MoU, PetroRio has exclusive negotiating rights for Dommo for six months after the signing.