Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Panoro Energy acquires Austria-based OMV Tunisia for USD 65m
November 7, 2018

Panoro Energy has acquired OMV AG’s subsidiary OMV Tunisia Upstream for USD 65m. With the acquisition, Panoro access 49 % ownership in five oil producing concessions and 50 % of the operating company for the oil concessions. The oil concessions generated USD 10m in free cash in first half of 2018.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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