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Africa Oil Announces Closing of Acquisition of Producing Assets in Deepwater Nigeria

Africa Oil Announces Closing of Acquisition of Producing Assets in Deepwater Nigeria Background Decorative Image

Vinson & Elkins advised Africa Oil Corp. in the acquisition of a 50% ownership interest in Petrobras Oil and Gas B.V. (“POGBV”).  BTG Pactual E&P B.V. will continue to own the remaining 50% of POGBV. The acquisition, the signing of which was announced in October 2018 with a valuation of $1.407 billion, closed on January 15, 2020.

The V&E team was led by London partner Alex Msimang and senior associate Nadine Amr, with assistance from partner Chris Strong, partner John Dawson and senior associate Emilie Stewart, and counsel David Smith and associate Ryan Will.

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For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 12 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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