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Carlyle to Sell Colombian Oil Firm SierraCol to Philippine's Prime Infrastructure
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7 Articles
Prime Infrastructure Capital Inc. (Prime Infra), the infrastructure arm of billionaire Enrique K. Razon Jr., agreed to acquire 100 percent of Colombian oil...
Carlyle to sell Colombian oil firm SierraCol to Philippine's Prime Infrastructure
Private equity group Carlyle has agreed to sell its Colombian oil producer SierraCol to Prime Infrastructure Capital, the infrastructure unit of Filipino businessman Enrique K. Razon Jr., for an undisclosed sum, the U.S. company said on Wednesday.
Carlyle Group sells its shares in SierraCol Energy to Prime Infra. Photo: taken from Carlyle.com Carlyle Group announced the sale of all its shares in SierraCol Energy Limited (SierraCol) to Prime Infrastructure Capital (Prime Infra). The previous transaction, which is expected to close in about a month, is subject to certain previous conditions. By means of a statement, the company mentioned that “this transaction is a vote of confidence to our…
The transaction is subject to certain previous conditions and is expected to close in about a month, key movement for the market in Arauca
Carlyle Sells SierraCol to Prime Infrastructure for $1.5B
Carlyle’s sale of SierraCol to Prime Infrastructure Capital marks a strategic pivot for both parties, with significant implications for the oil and gas sector. The deal, though undisclosed, is estimated to be around $1.5 billion, reflecting Carlyle’s initial asking price for the Colombian oil producer. SierraCol, established in 2020 through Carlyle’s acquisition of assets from Occidental Petroleum… Source
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