Oman's Renaissance Services approves DP World acquisition of Topaz Energy

Shareholders of Renaissance Services approved a deal to sell an 86.5% stake in the company to DP World

DP World, Topaz Energy and Marine, Renaissance Services

Oman's Renaissance Services revealed that its shareholders have approved a deal to sell an 86.5% stake in Topaz Energy to DP World. In a filing to the Muscat stock exchange, Renaissance Services wrote that its shareholders approved the sale in a 29 July meeting.

DP World, which operates Dubai's ports, agreed to purchase a majority stake in oil services company Topaz Energy and Marine for $1.08bn. This marks its first investment in the oil and gas sector.

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Oil & Gas Middle East - September 2019

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