Brief: Parex Resources Enters Into A Definitive Agreement To Acquire Frontera Energy's Colombian E&P Assets
11/03/2026 24:03
March 10 (Reuters) - Parex Resources Inc PXT.TO: PAREX RESOURCES ENTERS INTO A DEFINITIVE AGREEMENT TO ACQUIRE FRONTERA ENERGY’S COLOMBIAN E&P ASSETS PAREX RESOURCES INC - TO BUY 100% OF FRONTERA E&P'S COLOMBIAN ASSETS PAREX RESOURCES INC - DEAL VALUED AT $500 MILLION CASH, $225 MILLION NET DEBT, $25 MILLION CONTINGENT PAYMENT PAREX RESOURCES INC - TRANSACTION IS EXPECTED TO GENERATE ANNUAL COST SYNERGIES OF $20 TO $50 MILLION Source text: ID:nGNX3Jpnkx Further company coverage: PXT.TO ((Reuters.Briefs@thomsonreuters.com;))
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Brief: Parex Resources Enters Into A Definitive Agreement To Acquire Frontera Energy's Colombian E&P Assets
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