Markets

Vermilion Energy Closes Acquisition of Zaza Energy France

Vermilion Energy Inc. (VET.TO) has completed, through its wholly owned subsidiaries, the acquisition of ZaZa Energy Corporation's ZaZa Energy France S.A.S. ZaZa Energy France's operating interests cover approximately 24,300 acres with 100% working interests in the Saint Firmin, Chateaurenard, Courtenay, Chuelles, and Charmottes fields in the Paris Basin.

Vermilion paid approximately US$76 million cash at closing of the Acquisition, including working capital.

VET closed in the red at $50.91 on Monday but is trading near year high $51.96.

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

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