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Harvest Natural Resources Inc Announces Termination Of Agreement To Sell Interests In Venezuela

Wednesday, 20 Feb 2013 06:11am EST 

Harvest Natural Resources Inc announced the Share Purchase Agreement (SPA) between PT Pertamina (Persero) and HNR Energia B.V., a wholly owned subsidiary of Harvest, for the purchase of Harvest's interests in Venezuela for $725 million has been terminated as a result of the Government of Indonesia, in capacity as sole shareholder of PT Pertamina (Persero), voting not to approve the transaction. The SPA, announced on June 21, 2012, the approval of the Government of the Bolivarian Republic of Venezuela and a majority of Harvest's stockholders. 

Company Quote

-0.08 -1.82%
31 Jul 2014