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Parex Resources Provides Update on the Acquisition of Frontera E&P
The deal includes US$500 million in cash, US$225 million in net debt and a US$25 million contingent payment, Parex said.
Summary by Globe Newswire
9 Articles
9 Articles
Imad Mohsen, president of Parex. Image: Parex Frontera Energy pointed out that he obtained the final order of the Supreme Court of British Columbia, in Canada, regarding the business with Parex. He contemplates the sale of his oil and gas exploration and production operations in Colombia, along with his water treatment plant and its palm oil plantation. With this authorization, one of the fundamental steps to finalize the agreement is fulfilled.…
Coverage Details
Total News Sources9
Leaning Left5Leaning Right2Center1Last UpdatedBias Distribution63% Left
Bias Distribution
- 63% of the sources lean Left
63% Left
L 63%
12%
R 25%
Factuality
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