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
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.