Maha Energy expects PetroReconcavo, 3R to reach tie-up deal in Q2
18/01/2024 14:33
RIO DE JANEIRO, Jan 18 (Reuters) - Maha Energy
MAHAa.ST expects Brazilian energy 3R Petroleum RRRP3.SA to
reach an agreement to combine onshore oil assets with
PetroReconcavo RECV3.SA during the second quarter, Chairman
Paulo Thiago Mendonca said on Thursday.
Sweden-based Maha Energy proposed the deal on Wednesday
after acquiring a 5% stake in 3R Petroleum. Maha is convinced it
will have strong support from shareholders of both companies,
Mendonca said.
(Reporting by Fabio Teixeira)
((Fabio.Teixeira@thomsonreuters.com; +55 21 99603-4782;))