M&A Deal Summary

Petrominerales Acquires Veraz Petroleum - Peru

On July 1, 2012, Petrominerales acquired oil/gas exploration company Veraz Petroleum - Peru from Veraz Petroleum for 5M USD

Acquisition Highlights
  • This is Petrominerales’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Petrominerales’ largest (disclosed) transaction.
  • This is Petrominerales’ 1st transaction in Peru.

M&A Deal Summary

Date 2012-07-01
Target Veraz Petroleum - Peru
Sector Oil/Gas Exploration
Buyer(s) Petrominerales
Sellers(s) Veraz Petroleum
Deal Type Divestiture
Deal Value 5M USD

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Buyer(S) 1

Buyer

Petrominerales

Calgary, Alberta, Canada

Category Company
Founded 1996
Sector Oil/Gas Exploration
Employees410
Revenue 421M CAD (2009)
DESCRIPTION

Petrominerales Ltd. is a provider of oil/gas exploration services in Canada.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Peru) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Veraz Petroleum

Calgary, Alberta, Canada

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Veraz Petroleum Ltd. is a provider of oil/gas exploration services.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Peru) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1