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Stock Market & Financial Investment News

News Breaks
June 30, 2014
05:16 EDTIOCInterOil sells downstream businesses for $525.6M
InterOil has announced the sale of companies that hold its Papua New Guinea oil refinery and petroleum products distribution businesses to Singapore-based Puma Energy Group Pte for $525.6M, which includes adjustments for cash and working capital. InterOil's downstream businesses include the Napa Napa refinery in Port Moresby that processes about 28,000 barrels a day, 52 service stations, and 30 fuel depots, terminals and aviation sites. The sale ensures the transition to Puma Energy of all InterOil staff who are employed in the refinery and downstream businesses.
News For IOC From The Last 14 Days
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July 31, 2015
05:32 EDTIOCTotal to assume operatorship of PRL 15 in Gulf Province of Papua New Guinea
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July 22, 2015
16:24 EDTIOCPoint72 Asset Management reports 6.3% passive stake in InterOil
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July 21, 2015
08:49 EDTIOCInterOil 4.8M share Block Trade priced at $42.00
Morgan Stanley acted as sole book running manager for the offering. Go to The Fly's Syndicate section to see all deal analysis.

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