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Total cancels an acquisition in Ghana

18/05/2020
Source : Boursorama
Categories: General Information
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(CercleFinance.com) - Total announces that, given in particular the environment it faces, it has decided not to pursue the acquisition of the assets of Occidental Petroleum in Ghana, and thus to preserve its financial maneuver. In August 2019, Total and Occidental signed a Purchase and Sale Agreement (SPA) to acquire Anadarko's African assets. The stock has a 2020 PER of 20 times for an estimated yield of 9%.

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