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3R Petroleum and Enauta agreed on a $1.2bn all-stock deal, creating a leading, diversified Latin American oil and gas company.
3R Petroleum Oleo e Gas SA and Enauta Participacoes SA agreed on a $1.2bn all-stock deal, creating a leading, diversified Latin American oil and gas company with a combined production potential of over 100k barrels daily.
The deal, subject to shareholder and regulatory approval, will see Enauta shares delisted and become a 3R subsidiary.
The acquisition is part of Brazil's oil industry consolidation.
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3R Petroleum y Enauta llegaron a un acuerdo por valor de 1.200 millones de dólares, creando una compañía latinoamericana de petróleo y gas líder y diversificada.