Pacific Rubiales to Acquire PE-Backed C&C Energia
Pacific Rubiales Energy Corp., a Canadian-based producer of natural gas and heavy crude oil, announced it will purchase C&C Energia Ltd. According to Reuters, the $500 million transaction will expand exploration and development capacity in Columbia, where both firms have operations. The acquisition is expected to be completed in 2013. C&C Energia has in past received investment from Calgary-based private equity firm 32 Degrees Capital.
11 December 2012•5 mins read
