Pluspetrol Bids for Petro Andina

摘要

Pluspetrol said it plans to bid about C$400 million ($354 million) for Petro Andina Resources to expand its oil and gas operations in Argentina, Colombia and Trinidad. Pluspetrol, which already has extensive production in South America, said it will bid C$8.10 in cash per share of Petro Andina, The offer represents a 31% premium over the C$6.20 issue price of the target firm's recent C$27 million equity issue, Pluspetrol said.