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Announced

Bitexco to acquire the business in Vietnam from Harbour Energy for $84m.

Financials

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Transaction Value£65m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Vietnam

oil and gas

Integrated Oil and Gas

Acquisition

Domestic

Private

Majority

Pending

Friendly

Single Bidder

Synopsis

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Bitexco, a dedicated oil and gas business in Vietnam, agreed to acquire the business in Vietnam from Harbour Energy, an oil and gas company, for $84m. "We are pleased to have reached agreement to sell our business in Vietnam to Big Energy - a growing, local oil and gas player - as we continue to actively manage our portfolio. While Vietnam does not form a core part of our growth strategy going forward, we are proud of the quality of the business we have built, both in terms of the organisation and assets, since our country entry in 2004. I would like to thank our Vietnam colleagues for their hard work over the years and wish them all the best for the future," Linda Z Cook, Harbour Energy Chief Executive Officer.

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