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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Ophir in $1.3 bln deal with Temasek unit for Tanzania gas

Posted on 15 November 2013

Britain’s Ophir Energy agreed a $1.3 billion sale of a stake in Tanzanian gas fields, bringing in a unit of Singapore’s Temasek Holdings to help fund a development project in the latest Asian investment in East Africa’s gas sector.
Ophir, whose shares soared 16 percent after the announcement of the long-awaited deal, said last month a sale process was under way with Indian state-run gas company GAIL in the running as a potential buyer………………………………………..Full Article: Source


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