Vietnam dealbook: Malaysia’s Mitra Energy, Thai Union strike M&As
Malaysia’s Southeast Asia-focused oil and gas group Mitra Energy has reached a sales and purchase agreement with Japan’s Teikoku Oil to acquire a 30 per cent interest in Vietnam’s oilfields in the Nam Con Son basin. Meanwhile, Songkla Canning, a wholly-owned subsidiary of Thai Union Group, will increase its stake in Vietnam-incorporated canned seafood producer from 51 per cent to over 95 per cent. Mitra Energy plans acquisition of Vietnam oilfields Mitra Energy Inc’s wholly owned subsidiary Mitra Energy Pte Ltd has entered an agreement to acquire a 30 per cent interest in the Blocks 05-1b and 05-1c Production Sharing Contract, offshore Vietnam, from Teikoku Oil Co Ltd for $14.3 million.
