(EnergyAsia, February 2) — Aabar Petroleum, a UAE-based oil and gas company, has agreed to acquire 214,200,016 shares in Singapore-listed Pearl Energy owned by Indonesia’s The Austindo Group. In a joint statement, Aabar and Austindo said the two sides have signed an agreement giving Aabar the option to purchase Austindo’s 48.29% in Pearl Energy at…
SINGAPORE: UAE group to acquire founder’s 48.29% stake in Pearl Energy Ltd
Posted on February 2, 2006 by EnergyAsia