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Mergers and Acquisitions News

Technip Agrees to Sell its Majority Share in Seamec
India >> 4/22/2014 - Technip has entered into binding agreement for the divestment of a majority stake of at least 51% up to 75% in Seamec Limited to HAL Offshore Limited, India at a consideration of Rs 97 per share. ...
Glencore Enters into Agreement to Acquire Caracal for Ł5.50 in Cash Per Share
Canada >> 4/14/2014 - Glencore Xstrata plc and Caracal Energy Inc have reached a definitive agreement for a wholly owned subsidiary of Glencore to acquire Caracal for an all cash consideration of Ł5.50 per common share by ...
Sumitomo Acquires a Share in CEPSA Quimica China
China >> 4/11/2014 - CEPSA and Sumitomo Corporation have entered into an agreement for the Japanese company to acquire 25% of CEPSA Quimica China, until now 100% owned by CEPSA. Welcoming Sumitomo into the fold of the com...
U.S. Firms Form Consortium to Service Burgeoning Iraq Oil & Gas Market
Iraq >> 4/9/2014 - North America Western Asia Holdings (NAWAH), U.S. Steel Tubular Products, a subsidiary of United States Steel Corporation, and MRC Global Inc. have announced an alliance to bring critical oil well equ...
Seadrill Reduces Stake in SapuraKencana Petroleum Bhd
Norway >> 4/9/2014 - Seadrill Limited has sold 230 million shares of SapuraKencana raising approximately US$300 million in proceeds. The total economic gain realized from this sale is approximately US$165 million. Follo...
OER Executes Extension or Acquisition of Nigerian Assets from ConocoPhillips
Nigeria >> 4/9/2014 - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, today announced that, further to its press release dated January 31, 2014, it has extended the avail...
Strategic Agreement with Technip Regarding KANFA
Norway >> 4/4/2014 - Sevan Marine ASA is pleased to announce that the company has on April 3rd entered into an agreement with Technip Norge AS, a wholly owned subsidiary of Technip S.A, regarding the sale of 49.0% of the...
Rosneft Acquires Orenburg Drilling Company
Russia >> 4/2/2014 - Rosneft completed acquisition of 100% share in Orenburg Drilling Company from VTB-Leasing Group. Acquisition of Orenburg Drilling Company is the key aspect of the program aimed at the re-equipment of ...
NOVATEK and Gazprom Neft Equalize their Stakes in SeverEnergia
Russia >> 4/1/2014 - The Board of Directors of OAO NOVATEK resolved yesterday to approve several transactions, which will enable NOVATEK and OAO Gazprom Neft to equalize their respective equity stakes in the SeverEnergia ...
GIS Acquisition of JDC’s Stake in GDI
Qatar >> 3/31/2014 - Gulf International Services (GIS), the largest service group in Qatar, with interests in a broad cross-section of industries, ranging from insurance, re-insurance, fund management, onshore and offshor...
Eni Launches the Sale of 7% of Galp's Share Capital
Italy >> 3/27/2014 - Eni S.p.A. has started, through an accelerated bookbuilding procedure, the sale of 58,051,000 ordinary shares (the “Shares‘) corresponding to approximately 7% of the share capital of Galp Energia SGP...
Transaction between Wintershall & MOL Completed
United Kingdom >> 3/25/2014 - Wintershall, a 100% BASF subsidiary, is optimizing its portfolio with today’s financial closing of the transaction with the Hungarian MOL Group. Through Wintershall’s divestment of shares in selected ...
Gulf Capital Completes the IPO of Gulf Marine Services
United Arab Emirates >> 3/25/2014 - Gulf Capital, announced that one of its portfolio companies, Gulf Marine Services (GMS), successfully completed its initial public offering on the London Stock Exchange on March 14th, 2014. GMS is th...
Foster Wheeler Signs Agreement with Siemens Energy to Acquire Environmental Business
Switzerland >> 3/20/2014 - Foster Wheeler AG announced that a subsidiary of its Global Power Group has signed an asset purchase agreement with Siemens Energy, Inc. to acquire the Siemens Environmental Systems and Services busin...
Bidders Submit Binding Offers for RWE Unit DEA
Germany >> 3/10/2014 - Bidders have started submitting binding offers for DEA, the oil and gas production unit of German utility RWE, and a deal could be struck as early as this month, three people familiar with the matter ...
Lamprell Completed the Sale of INSPEC to Intertek
United Arab Emirates >> 3/3/2014 - Lamprell (LAM) announces that it has completed the sale of one of its service businesses, International Inspection Services Ltd. (INSPEC), which is a UAE-based provider of non-destructive testing (NDT...
Intertek Acquires International Inspection Services Ltd
United Arab Emirates >> 3/3/2014 - Intertek Group plc (Intertek), the leading global provider of quality and safety services to a wide range of industries, announces that it has acquired International Inspection Services Ltd (INSPEC), ...
Shelton Petroleum Increases the Bid for Petrogrand to 0.34
Russia >> 2/26/2014 - Shelton Petroleum AB (publ) announced an offer to acquire all outstanding shares in Petrogrand AB (publ) for a consideration of 0.30 Shelton B shares for each Petrogrand share (the “Offer”). On 17 Feb...
Merger of Companies into Petrobras
Merger of Companies into Petrobras Brazil >> 2/26/2014 - Petrobras, in compliance with the provision set forth in CVM Instruction 358/02, announces that its Board of Directors has approved the merger proposals of Termoacu S.A., Termoceara Ltda. and Companhi...
MOL Divests a 49% Share of BaiTex LLC to Turkish Petroleum Corporation
Russia >> 2/20/2014 - MOL Hungarian Oil and Gas Public Limited Company (MOL) hereby informs the capital market participants that in line with the company’s portfolio optimization, MOL is close to finalizing the deal of sel...

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