iCrowdNewswire Feb 23, 2021 10:00 AM ET
22 February 2021, Johannesburg – Pan African Regulation Conglomerate, Centurion Regulation Group is happy to have acted as native counsel to Panoro Vitality ASA (Panoro) on the $105 million buy of all Tullow Oil PLC (Tullow) property in Equatorial Guinea. The events have signed a sale and buy settlement, pursuant to which Tullow has agreed to promote its complete curiosity in Tullow Equatorial Guinea Restricted.
“We’re excited to have assisted Panoro Vitality on this landmark Oil and Gasoline transaction,” stated Manuel Oliveira Director and Shareholder, who led Centurion’s EG deal crew. “This was a major transaction that concerned cooperation between skilled attorneys from Centurion and in addition Panoro’s crew.” Added Mr. Oliveira.
This transaction, which types a part of Tullow’s US180 million sale of property to Panoro in West Africa, has been authorized by the federal government of Equatorial Guinea. Additionally it is a category 1 transaction beneath the UK itemizing guidelines and is topic to approval from each events’ shareholders.
Panoro is an unbiased E&P firm primarily based in London and listed on the Oslo Inventory Change with ticker PEN. The Firm holds high-quality exploration and manufacturing property in Africa with oil manufacturing from fields in Tunisia, Gabon, Nigeria and now Equatorial Guinea.
“This was an thrilling challenge and our crew was capable of seamlessly tackle the various and diversified wants of Panoro,” stated Oneyka Cindy Ojogbo. “This sort of deal as soon as once more underscores Centurion’s means to leverage our unparalleled vitality trade expertise to help nice firms in Africa. ” Concluded Ms Ojogbo
Our crew included Associate Manuel Oliveira, Senior Affiliate Oneyka Cindy Ojogbo and Associates Pablo Obama Mitogo and Shantel Mufandiadza.
About Centurion Regulation Group:
Centurion Regulation Group is a pan-African company regulation conglomerate, with a specialised deal with cross-border enterprise and vitality regulation. We make it easier to navigate the authorized and regulatory environments of Africa’s many jurisdictions and be sure that offers are finished and accomplished as effectively and cost-effectively as is feasible.
Key phrases: Panoro Vitality, Tullow Oil PLC, Acquisitions, Equatorial Guinea, London, Africa, Centurion Regulation Group, West Africa