Etablissements Maurel et Prom SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Maurel et Prom SA completes acquisition of drilling activities from Tuscany in Africa and sale of all of its shares of Tuscany
Etablissements Maurel et Prom SA:Completes the acquisition of all of the shares of Caroil SAS (excluding the South American business of Caroil) from Tuscany International Drilling Inc. and has sold all of its 109,000,000 common shares of Tuscany to an entity incorporated in the Cayman Islands.Says it has also assumed $50 million of debt from Tuscany pursuant to a credit agreement with Credit Suisse.Says as part of the transaction, Maurel & Prom expects to purchase two drilling rigs from Tuscany for aggregate consideration of $23 million, of which $15 million has already been paid.
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