Canadian Sells Colombian Pipeline Position

Canadian Sells Colombian Pipeline Position

Colombia M&A Funds US Canada

Canada’s Talisman Energy has sold its 12% position in Colombian pipeline operator Ocensa to US private equity firm Advent International for $595m, it says, a key part of Advent’s purchase of a 22% stake. Talisman retains transportation rights for the 830km pipeline, which links the Llanos Basin to the Covenas port in Colombia. Advent is working on a $600m loan to help fund the purchase of 22%, which includes portions owned by France’s Total and Spain’s Cepsa in addition to Talisman’s piece, acco

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