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

Deals & Cases
January 15, 2020
Africa Oil Announces Closing of Acquisition of Producing Assets in Deepwater Nigeria Background Decorative Image
Deals & Cases
January 15, 2020

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 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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