Harvest Seeks Argie Sale

Harvest Seeks Argie Sale

Argentina M&A

Harvest Natural Resources is in exclusive talks to sell itself to Argentina's Pluspetrol,it says, in a deal worth $373m including debt. The move comes as the US-based oil and gas producer struggles to fund its exploration activities. Pluspetrol plans to retain Harvest's 32% position in the Petrodelta joint venture with PdVSA, and spin off the company's other assets to Harvest's shareholders. Harvest's non-Venezuelan assets, which include interests in Gabon, Indonesia, Colombia and China, would b

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