Gabon seeks to preempt $1.3 bln sale of Carlyle’s oil business -sources

0 106


LONDON, Nov 29 (Reuters) – Gabon’s national oil company wants to exercise its right of first refusal to acquire Carlyle. (CG.O) After Asala Energy agreed to sell its private equity business to France’s Morel & Prome for $1.3 billion, three sources told Reuters.

The Gabon Oil Company (GOC) last week sent a letter to Carlyle International Energy Partners (CIEP) stating that it wanted to preempt Maurel & Prom’s. (MAUP.PA) A deal, using rights under local law, said three sources close to the deal.

Sources said that while the GOC has held talks with at least two international business houses to support the deal, no financing plan has been agreed so far.

The GOC and a government spokesperson did not respond to requests for comment. Maurel and Prom did not respond to requests for comment. Carlyle declined to comment.

Maurel & Prom agreed A deal in August to buy Asela Energy for $730 million included more than $600 million in debt servicing.

The current deal is expected to be finalized early next year.

Reporting by Ron Busso, additional reporting by Julia Payne and Bate Felix; Editing by Louise Havens

Our standards: The Thomson Reuters Trust Principles.

Get license rightswill open a new tab.

Ron has covered the world’s top oil and gas companies since 2014, focusing on the volatility in the sector during the Covid-19 pandemic and following Russia’s invasion of Ukraine. He was named Reuters Correspondent of the Year in 2014 and 2021. Before Reuters, Ron After the 2008 financial crisis, he reported on the Middle East conflict and diplomacy from Israel for AFP on equity markets in New York.



Source link

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More