Brief: Maha Energy BoD Investigates Two Potential Divestment Opportunities
02/12/2022 13:21
Dec 2 (Reuters) - Maha Energy AB MAHAa.ST :
* REG-THE BOARD OF DIRECTORS OF MAHA ENERGY AB (PUBL)
(“MAHA” OR
THE “COMPANY”) ANNOUNCES THAT IT IS INVESTIGATING TWO POTENTIAL
DIVESTMENT OPPORTUNITIES
* IS CURRENTLY IN DIFFERENT STAGES OF NEGOTIATIONS REGARDING
SPECIFIC TRANSACTIONS WHICH MAY INVOLVE DIVESTMENT OF ITS
BRAZILIAN ASSETS AND DIVESTMENT OF ITS US ASSETS
* REGARDLESS OF RESULT OF THIS POTENTIAL TRANSACTION, MAHA
MAINTAINS ITS FULL COMMITMENT TO EFFICIENTLY DEVELOPING ITS
CURRENT OPERATIONS IN BRAZIL
* IS RECEIVING PROPOSALS FOR DIVESTMENT OF ITS OIL AND GAS
ASSETS
LOCATED IN UNITED STATES
* NO AGREEMENT HAS BEEN REACHED REGARDING ANY OF ABOVE
TRANSACTIONS AND IT IS NOT POSSIBLE TO STATE WITH CERTAINTY THAT
ANY AGREEMENT WILL BE REACHED
Source text for Eikon: ID:nGNE81J3kV
Further company coverage: MAHAa.ST
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