Dubai's DP World in `Very Advanced' Talks to Buy Topaz Energy - Bloomberg:
DP World Plc is in advanced discussions to acquire Topaz Energy & Marine Plc in what would be the Dubai-based company’s first venture into the oil and gas sector.
The world’s largest port operator is in "very advanced" discussions to acquire Dubai-based Topaz, DP World said in a statement. There can be no certainty of a transaction, the company said.
Sky News reported earlier that a $1.3 billion deal could be announced as early as Monday, without specifying whether the valuation was referring to the equity or enterprise value of the transaction.
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