Pacific Rubiales Adds in Colombia

Pacific Rubiales Adds in Colombia

M&A

Pacific Rubiales has agreed to acquire Toronto-listed oil and gas company C&C Energia, which gives it four development blocks in Colombia’s Llanos basin, near Pacific Rubiales’ existing operations, Pacific Rubiales says. In the deal, whose total value is not indicated, C&C shareholders receive Pacific Rubiales shares, as well as shares in a related new exploration company created with C&C assets. C&C is to transfer its Colombian exploration assets in the Putumayo and Middle Magdalena Basins and

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