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.

May 17, 2024
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