Markets

Estrella Intl Down About 6% on Acquisition of Petroland, Zigma

Estrella International Energy Services (EEN.V) fell by about 6% after announcing that it has renegotiated the final business terms to complete the acqusition of 100% of the issued and outstanding shares of each Petroland SAS and Zigma Colombia Petroleum Services S.A.

The company said the purchase price for the acquisition is approximately US$10.7 million and the assumption of approximately US$13.5 million of debt, some of which it may decide to repay at the time or shortly after consolidation.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos