Maha Energy proposes carve-out of Brazil's 3R Petroleum onshore assets
17/01/2024 22:05
SAO PAULO, Jan 17 (Reuters) - Swedish oil firm Maha
Energy MAHAa.ST said on Wednesday it acquired 5% of Brazil's
3R Petroleum RRRP3.SA and proposed to its board a carve-out of
3R's onshore oil assets, which would be then combined with a
third company.
In an open letter to 3R's board, Maha said Brazilian oil
firm PetroReconcavo RECV3.SA is the "natural candidate" for
the deal, given the extensive existing synergies between its
assets.
(Reporting by Peter Frontini; Editing by Leslie Adler)
((Peter.Siqueira@thomsonreuters.com; +55 11 56447727;))