3i Cashes in As Oil Boom Prompts Gbp242m Sell-Off Deal of the Week: North Sea Double Private Equity Company Adamant Commitment to Sector Is As Strong As Ever
Sunday Herald › August 08, 2006
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Summary
DO two multi-million pound deals in two days suggest a trend? Private equity company 3i took advantage of the booming oil market as it sold off its interests in a gas production company and an oil services business for a total of GBP242 million on Wednesday and Thursday.
However, the company says its commitment to the North Sea sector is as strong as ever.See the full content of this document
Extract
3i Cashes in As Oil Boom Prompts Gbp242m Sell-Off Deal of the Week: North Sea Double Private Equity Company Adamant Commitment to Sector Is As Strong As Ever
CH4 Energy, which specialises in exploration and production, went for GBP153m to Venture Production in a cash and equity deal. 3i has been involved in the company since its start up in 1999.
CH4's interests ...See the full content of this document
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