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5 July 2021 3:38 GMT Updated 5 July 2021 3:38 GMT
Thailand s Bangchak Corporation said it has divested its Philippines-focused oil and gas upstream subsidiary with four offshore production sharing contracts to Australia s Sacgasco.
Bangchak said in a Thai stock exchange announcement it had executed a share purchase agreement to sell all shares held in its wholly-owned subsidiary BCP Energy International to Australian-listed Sacgasco.
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The transaction was completed on 2 July 2021. No rationale or further details were provided for the divestment.
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