Simmons & Simmons has advised India's state-owned oil production giant on its $2.48bn acquisition of a 10% stake in an African gas field. ONGC Videsh (OVL), a subsidiary of the country's largest oil exploration and production company ONGC, signed an agreement this week with Oil India to jointly buy a 10% stake in the Mozambique LNG asset from Videocon Mauritius Energy, part of the Videocon Group.
June 27, 2013 at 03:31 AM
1 minute read
The original version of this story was published on Legalweek
Simmons & Simmons has advised India’s state-owned oil production giant on its $2.48bn (£1.61bn) acquisition of a 10% stake in an African gas field.
ONGC Videsh (OVL), a subsidiary of the country’s largest oil exploration and production company ONGC, signed an agreement this week with Oil India to jointly buy a 10% share in the Mozambique LNG asset from Videocon Mauritius Energy, part of the Videocon Group.
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