Maurel & Prom plans $400M investment into Venezuela oil venture

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Source: Dukascopy Bank SA
France's Maurel & Prom is planning to invest $400M to purchase a 40% stake in the Venezuelan oil venture Petroregional del Lago, according to the President Manuel Quevedo.
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Tue, 08 Jan 2019 09:06:01 GMT

Canyon Capital Advisors to vote against Rowan sale

On Monday, Canyon Capital Advisors warned it would oppose the sale deal of Rowan Companies to the rival Ensco, being the largest shareholder in the offshore driller, as it owns a 6.3% stake.

Tue, 08 Jan 2019 08:35:37 GMT

Swiss firm Sika to acquire France's Parex for $2.5B

Swiss chemicals firm Sika AG agreed to acquire its French rival Parex for about $2.55B, in its largest acquisition deal, as the company seeks to accelerate consolidation in the market of building materials.

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