Sequa Petroleum N.V. - Transaction Update
Sequa Petroleum N.V. - Transaction Update
PR62945
LONDON, December 23 /PRNewswire=KYODO JBN/--
Following discussions, Wintershall and Tellus, a 100% Sequa Petroleum N.V.
subsidiary, have agreed not to proceed with the Wintershall-Tellus transaction,
announced on 18 June, 2015, in the current market environment.
Tellus is evaluating the Ivar Aasen transaction with OMV in the light of the
decision not to proceed with the Wintershall-Tellus transaction.
Tellus is progressing with the preparations for financing the Gina Krog
transaction with Total, with the transaction planned to close early in 2016.
Sequa Petroleum N.V., Registered at the Dutch Chamber of Commerce No. 58633618
with a Corporate Seat in Amsterdam.
UK Company No. FC031530, UK Establishment No. BR016598
Contacts: Jacob Broekhuijsen - CEO, Carol Frost - Director HR & Communication,
+44(0)203-728-4450 or info@sequa-petroleum.com
Source: Sequa Petroleum N.V.
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