July 30, 2018 / 5:13 PM / 3 months ago

Petrofac to sell 49 percent stake in Mexican operations

(Reuters) - British oilfield services provider Petrofac Ltd (PFC.L) said on Monday it had signed a deal to sell 49 percent of its operations in Mexico to Perenco (Oil & Gas) International Ltd.

Petrofac did not say how much Perenco would pay in total for the stake, only that it would pay an initial cash consideration of $200 million.

Reporting by Justin George Varghese in Bengaluru; Editing by Susan Fenton

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