sacoil holding ltd (SCL:Johannesburg)
Transactions by SACOIL HOLDING LTD (SCL) in the last 6 months
SacOil Holdings Limited (JSE:SCL) entered into a sale and purchase agreement to acquire MENA International Petroleum Company Ltd. from Mena International Petroleum Holdings Company Ltd for $14.6 million on September 9, 2014. Under the terms, SacOil agreed to issue approximately 180 million ordinary shares as consideration. In addition, SacOil agreed to settle in cash, MENA International Petroleum Company’s liabilities to a maximum value of $4.1 million, which includes ...
Mena International Petroleum Holdings Company Ltd. agreed to spin-off a stake in SacOil Holdings Limited (JSE:SCL) on September 9, 2014. Under the transaction, Mena will distribute a portion of shares received as consideration from SacOil Holdings Limited (JSE:SCL) for the sale of 100% stake in MENA International Petroleum Company Ltd. to SacOil. As of October 10, 2014, the transaction was approved by the shareholders of MENA Hydrocarbons Inc. As of October 16, 2014, ...
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