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  6. Canacol Acquires Shona Energy Co.

M&A Deal Summary

Canacol Acquires Shona Energy Co.

On December 12, 2012, Canacol acquired oil/gas exploration company Shona Energy Co. for 140M USD

Acquisition Highlights
  • This is Canacol’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Canacol’s largest (disclosed) transaction.
  • This is Canacol’s 1st transaction in the United States.
  • This is Canacol’s 1st transaction in Texas.

M&A Deal Summary
Date 2012-12-12
Target Shona Energy Co.
Sector Oil/Gas Exploration
Buyer(s) Canacol
Deal Type Add-on Acquisition
Deal Value 140M USD

Target

Shona Energy Co.

Houston, Texas, United States
Shona Energy Co. LLC is a US oil and natural gas exploration, development and production company focusing on South America, specifically Colombia and Peru.

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Buyer(S) 1

Buyer

Canacol

Calgary, Alberta, Canada
Category Company
Sector Oil/Gas Exploration
Employees396
Revenue 376M USD (2024)
DESCRIPTION

Canacol is a production and exploration company focused in Colombia. Canacol was founded in 1970 and is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1
Size (of disclosed) 1 of 1
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