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Stock Market & Financial Investment News

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December 10, 2013
07:47 EDTTLMTalisman Energy announces $595M sale of Colombian pipeline project
Talisman Energy announced that two of its affiliates have reached agreement to sell their approximately 12% equity interest in the Ocensa Pipeline in Colombia to an investment group led by Advent International for a total cash consideration of approximately $595M. As part of the transaction two Talisman affiliates will sell their approximately 12% equity interest in the Ocensa Pipeline for approximately $595M. Other Talisman affiliates retain crude transportation rights for approximately 63,000 bopd. Talisman will use these rights to transport proprietary crude, and will generate third party revenue from surplus capacity.
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