Maha Signs a Binding Agreement to Acquire Additional 16% Indirect Stake in Petrourdaneta, Increasing Its Interest To 40%
Maha Capital AB (publ) ("Maha" or the "Company") (Nasdaq Stockholm:Maha-A) is pleased to announce the signing of a binding term sheet ("Binding Term Sheet") with Novonor Latinvest Energy S.à.r.l ("Novonor") to acquire the remaining 40% percent of Odebrecht E&P España SL r.l ("OE&P" or "Partner B"), increasing Maha's indirect equity interest in the Venezuelan oil company PetroUrdaneta from 24% to 40%. The total consideration amounts to MUSD 37.5,...
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