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News Breaks | | | | February 20, 2013 | | 06:12 EDT |  | HNR | Harvest Natural terminates agreement to sell interests in Venezuela
Harvest Natural Resources announced that the Share Purchase Agreement, or SPA, between PT Pertamina and HNR Energia B.V., a wholly-owned subsidiary of Harvest, for the purchase of Harvest's interests in Venezuela for $725M has been terminated as a result of the Government of Indonesia, in its capacity as sole shareholder of PT Pertamina, voting not to approve the transaction. The SPA, announced on June 21, 2012, had also been subject to, among other things, the approval of the Government of the Bolivarian Republic of Venezuela and a majority of Harvest's stockholders. | |
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