Delonex and Vitol have decided to withdraw from a deal to jointly acquire with Africa Oil, 50% interests in Petrobras Oil & Gas BV, which owns 8% WI in OML 127 and 16% WI in OML 130. Africa Oil is therefore acquiring the 50% stake available. The overall headline price for the acquisition was set at US$1.41 bn effective from 01/01/2018.
01 Nov 2019
FLASH: Acquiring a larger share of Nigerian target
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FLASH: Acquiring a larger share of Nigerian target
Africa Oil Corp. (AOI:TSE) | 0 0 0.7% | Mkt Cap: 634.0m
- Published:
01 Nov 2019 -
Author:
Taro Kiley -
Pages:
2
Delonex and Vitol have decided to withdraw from a deal to jointly acquire with Africa Oil, 50% interests in Petrobras Oil & Gas BV, which owns 8% WI in OML 127 and 16% WI in OML 130. Africa Oil is therefore acquiring the 50% stake available. The overall headline price for the acquisition was set at US$1.41 bn effective from 01/01/2018.