Deals
Harvest Shares Soar on Venezuela Oil Sale to Indonesia
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Harvest Natural Resources Inc. climbed the most since shares began trading in 1989 after the Houston-based company agreed to divest oil assets in Venezuela.
Harvest will sell its 32 percent stake in Petrodelta SA, a joint venture with Petroleos de Venezuela SA, to Indonesia’s state-owned oil company PT Pertamina for $725 million in cash, the company said yesterday in a statement. The price is four times the company’s market value yesterday.