.
MergerLinks Header Logo

New Deal


Announced

Nostrum Oil & Gas to acquire a 80% stake in Positive Invest for $20m.

Financials

Edit Data
Transaction Value£16m
Consideration TypeCash
Capital Owned-
Capital Bid For80%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Integrated Oil and Gas

oil and gas

Majority

Kazakhstan

Cross Border

Friendly

Single Bidder

Pending

Acquisition

Private

Synopsis

Edit

Nostrum Oil & Gas, an oil and gas exploration and production company, agreed to acquire a 80% stake in Positive Invest, the holding company of Stepnoy Leopard Fields, for $20m. "We are pleased to announce the proposed acquisition of a majority interest in Positive Invest, whose assets are complementary to our own and which we know well. We look forward to working with the relevant stakeholders to appraise the known potential and develop additional resources which can be part of the continuing expansion of operations at our world-class gas treatment facility in Kazakhstan." Arfan Khan, Nostrum CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US