Home / Daily Briefs / 2022 / 29 / Galileo raises funds for North American business

Galileo raises funds for North American business

Galileo raises funds for North American business

April 29, 2022 | Charles Newbery
Argentine natural gas technology developer gets $33 mln from Oklahoma-based oil driller H&P

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Galileo Technologies, an Argentine maker of natural gas technologies, said Thursday it raised $33 million from Helmerich & Payne (H&P), a Tulsa, Oklahoma-based oil drilling services provider, to expand its business in North America. H&P invested in the company by acquiring a convertible note that pays 5% per year and comes due in April 2027, Galileo said in a press release. If exercised, the note would convert into common shares in Galileo at an enterprise value of $1.35 billion, the

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