Announced
Completed
Financials
Tags
oil fields
Single Bidder
Majority
Brazil
Acquisition
Integrated Oil and Gas
Private
Demerger
Domestic
Friendly
Completed
Synopsis
PetroReconcavo, an independent onshore oil and gas exploration and production operator, completed the acquisition of Maha Energy Brasil from Maha Energy, an oil producer, for $187m. “This divestment is a significant step within the Company’s new strategic positioning, continuously focusing on generating value for shareholders. As a result of this sale, we will have a strong balance sheet and cash position, enabling the Company to pursue further opportunities in the O&G market," Paulo Thiago Mendonça, Maha Energy CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.