Pacific Rubiales sells Ocensa stake

Pacific Rubiales sells Ocensa stake

M&A

Pacific Rubiales has sold a 5% stake in Colombia’s pipeline company Ocensa to a consortium led by private equity fund Darby for $385m and it plans further divestments in the Andean country, the company said on Tuesday. Pacific Rubiales acquired the Ocensa stake as part of its $1.52bn acquisition of fellow Colombian E&P operator Petrominerales late last year. The Toronto-listed company is also moving ahead with negotiations to sell a 38% interest in its wholly-owned subsidiary Pacific Midstream H

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