One-Page Deal Sheet
Talisman Lets Go of Interest in Colombian Ocensa Pipeline
Advent International Talisman Energy Inc.
Announced Date
December 10,2013
Close Date
December 10,2013
Transaction Type
Asset
Transaction Details: Require Private Equity Subscription
Talisman Energy Inc. has reported that two of its affiliates have reached agreement to sell their approximately 12% equity interest in the Ocensa Pipeline in Colombia to an investment group led by Advent International for a total cash consideration of approximately $595 million.
All values in this press release are in US$ unless stated otherwise.
Hal Kvisle, President and CEO of Talisman Energy, commented: "In March, I set a $2-3 billion, 18-month disposition target for Talisman. In November, we announced the sale of the majority of our Montney position for CDN$1.5 billion, which when…
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