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Maurel & Prom Completes Caroil Purchase; Divests Tuscany Stake 2013-12-24 13:53:45.479 GMT
By Benjamin Dow Dec. 24 (Bloomberg) -- Maurel & Prom sold 109m Tuscany International Drilling shares, entire stake in co., to “entity incorporated in the Cayman Islands.” * MAU FP assumes $50m of TID CN debt in accordance with Credit Suisse credit agreement * Maurel expects to buy 2 drilling rigs from Tuscany for $23m, $15m of sum already paid * MAU FP pares gains to +0.8% today; up as much as 1.2% earlier in sixth day of gains; volume 284k shares is 1.2x daily average over past 3 months * TID CN down 69% YTD
Link to statement:{NSN MYBCGJ3PWT1E<Go>} Link to Company News:{MAU FP <Equity> CN <GO>} Link to Company News:{TID CN <Equity> CN <GO>}
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To contact the editor responsible for this story: Benjamin Dow at +7-495-771-7735 or bdow2@bloomberg.net