Industry News
Rio Ventura, Subsidiary of Starboard-Backed 3R Petroleum, Acquires Rio Ventura Cluster from Petrobras for US$94.2m (em português)
21 August 2020
Rio Ventura, Subsidiary of Starboard-Backed 3R Petroleum, acquired Rio Ventura Cluster from Brazil’s state-owned oil company Petrobras for US$94.2m.
(Reuters) Brazil’s state-owned oil giant Petrobras said on Friday it has agreed to sell its entire stake in eight onshore fields at Polo Rio Ventura in the state of Bahia to 3R Petroleum e Participacoes for $94.2 million.
According to a securities filing, $3.8 million was paid on Friday, $31.2 million will be paid when the transaction is closed, with $16 million coming 30 months after the deal and a further $43.2 million in contingent payments.
You may be interested in...
-
Save the Date for LAVCA ESG Awards; Vinci Partners Merged with Compass Creating USD50b AUM Asset Management Platform
-
Timing on Startup Fundraising; Is AI a Thing in LatAm?
-
Vinci Partners Deal Case; Mexico Infrastructure Partners and Mexican Government Acquires 55% Stake in Mexico’s Generation Plants for USD6.2b from Iberdrola
-
TozziniFreire Appoints Three New Partners
Brazil-based full-service firm TozziniFreire Advogados appointed new...