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Sovereign Wealth Funds Briefing - Categorized | Market

Verenex announces completion of the Arrangement with the Libyan Investment Authority

Posted on 22 December 2009

Verenex Energy Inc. completed the previously announced plan of arrangement. The Arrangement was carried out pursuant to the arrangement agreement dated November 5, 2009 among Verenex, the Libyan Investment Authorityand a subsidiary of the LIA.
Under the Arrangement, the LIA, through its subsidiary, acquired all of the issued and outstanding Verenex shares at a price per share equal to $7.0906 plus an additional working capital amount per share in the amount of $0.1976………………………………….Full Press Release: Source


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