Maurel & Prom to sell Colombian unit (Dealscape

Etablissements Maurel & Prom SA agreed to sell its Colombian operation Hocol Petroleum Ltd. to the Colombian state for $748 million.

The move eliminates concerns the French oil company would struggle to refinance debt due in 2010 and giving it the means to pursue new acquisitions.

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NOT A SUBSCRIBER? Maurel & Prom to sell Colombian unit Posted on March 10, 2009 6:15 PM Etablissements Maurel & Prom SA agreed to sell its Colombian operation Hocol Petroleum Ltd. to the Colombian state for $748 million. The move eliminates concerns the French oil company would struggle to refinance debt due in 2010 and giving it the means to pursue new acquisitions. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 734 in-depth reports of M&A deals in the Energy sector 538 company pages related to Petroleum 48 company pages related to France 4 articles related to Etablissements Maurel & Prom SA 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Idearc Inc. Skadden Arps Deutsche Bank Concho Resources Windstream Corp. Cantor Fitzgerald Pinnacle Foods Lazard Diedrich Coffee MBIA Inc.		EXISTING USERS Username Password Forget your password? Missing a product?

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