Gabon seeks to preempt $1.3 bln sale of Carlyle’s oil business -sources

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LONDON, Nov 29 (Reuters) – Gabon’s national oil firm is seeking to use its right of first refusal to acquire Carlyle’s (CG.O) Assala Energy after the private equity giant agreed to sell the business for $1.3 billion to France’s Maurel & Prom, three sources told Reuters.

Gabon Oil Company (GOC) last week sent Carlyle International Energy Partners (CIEP) a letter informing it wanted to preempt Maurel & Prom’s (MAUP.PA) deal, exercising a right it has under local law, three sources close to the deal said.

GOC has held talks with at least two international trading houses to finance the deal, but so far no financing plan has been agreed, the sources said.

GOC and a government spokesperson did not respond to requests for comment. Maurel & Prom did not respond to a request for comment. Carlyle declined to comment.

Maurel & Prom agreed in August to acquire Assala Energy for $730 million, a deal which included rolling over a $600 million credit facility.

The current deal is expected to be completed early next year.

Reporting by Ron Bousso, additional reporting by Julia Payne and Bate Felix; Editing by Louise Heavens

Our Standards: The Thomson Reuters Trust Principles.

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Ron has covered since 2014 the world’s top oil and gas companies, focusing on their efforts to shift into renewables and low carbon energy and the sector’s turmoil during the COVID-19 pandemic and following Russia’s invasion of Ukraine. He has been named Reporter of the Year in 2014 and 2021 by Reuters. Before Reuters, Ron reported on equity markets in New York in the aftermath of the 2008 financial crisis after covering conflict and diplomacy in the Middle East for AFP out of Israel.

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