20180907 IN Pipleine – M&A (focus Oil)


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IN PIPELINE – M&A FOCUS – 09-07-2018

** Norwegian oil company Okea plans an initial public offering in Oslo as part of its deal to buy some assets from Shell in Norway positioning it for more mergers and acquisitions, its chief executive officer said.

** Austrian oil and gas group OMV AG plans to expand its exploration business with an acquisition in Southeast Asia by the end of 2018, in line with its strategy to grow in low-cost markets outside Europe, its upstream chief told Reuters.

** UK-focused oil company EnQuest is offering new discounted shares to buy out the Magnus oilfield and has borrowed money against 15 percent of its Kraken field as it seeks to reduce its debt pile of almost $2 billion.

** State-controlled Banco do Brasil SA said in a securities filing on Thursday that it has raised its stake in Argentina’s Banco Patagonia SA to 80.39 percent from 58.97 percent.

** A Brazilian judge ruled that President Michel Temer must convene a council of military representatives and politicians to analyze planemaker Embraer SA’s deal with Boeing Co , Valor Economico newspaper said on its website on Thursday.

** Canada’s Lundin Mining Corp said on Thursday it does not plan to revise its hostile bid for fellow base-metal miner Nevsun Resources Ltd after it was trumped by a C$1.86 billion ($1.42 billion) offer from China’s Zijin Mining Group Co Ltd.

** Russia’s state-controlled telecoms operator Rostelecom and shareholders of the country’s fourth-biggest mobile phone operator working under the Tele2 brand, are in talks about an increase of Rostelecom’s stake in Tele2, Vedomosti reported citing sources. (Compiled by Debroop Roy in Bengaluru)





Author: JDM

Simi Private

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