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Vitol subsidiary, Rosco SA, reaches agreement on acquisition of Arawak Energy Limited

Vitol today confirmed that the board of its wholly owned subsidiary, Rosco SA, has reached agreement with the board of Arawak Energy Limited on the terms of a recommended and increased cash offer to be made by Rosco SA to acquire the entire issued and to be issued share capital of Arawak.

Arawak is a multi asset oil and gas production, development and exploration group, which has been active in the FSU since 1998 and has current operations in Kazakhstan, Russia and Azerbaijan.

 

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