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PE distributes shares of Flex to shareholders

2:13am EST

Flex LNG Ltd : Polygon (PE) Holdings Limited has on Feb. 17 distributed its holding of 13,526,588 shares in Flex LNG Ltd. (Flex) to its shareholders, Polygon European Equity Opportunity Master Fund and Blackwell Partners LLC .Following transactions, entities controlled by Polygon Global Partners LLP, including PE, own 0 shares in FLEX LNG.

Maha Energy to acquire Gran Tierra's Brazilian operations

Monday, 6 Feb 2017 02:01am EST

Maha Energy AB : To acquire Brazil business unit of Gran Tierra Energy Inc. via purchase of all of shares and outstanding intercompany debt of Gran Tierra Finance (Luxembourg) S.Á.R.L. . Cash consideration is $35 million plus financial guarantees (letters of credit or surety bonds) for certain work commitments totalling about $12 million . Acquisition to be financed via fully committed directed share issue of 91.7 million Swedish crowns (about $10.5 million) .Will also carry out rights issue of 12,919,326 shares at same price (7.10 crowns per share) as in directed share issue.


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