San Antonio Unloads Colombian Operations

San Antonio Unloads Colombian Operations

Argentina Colombia M&A Canada

Estrella International Energy has agreed to buy 100% of San Antonio International’s Colombian operations for $122m cash, it says. The Argentina-based Canadian-listed buyer claims the deal will make it Colombia’s largest oil and gas services provider. Estrella plans to inject $31m into the company to repay indebtedness for working capital. Financing is to come through a $97m loan from Estrella controlling shareholder Ringo Holding, an entity controlled by Southern Cross Group. Ringo also agrees t

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