Deals
Reliance Said to Prepare for Eagle Ford Asset Sale
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India’s Reliance Industries Ltd. is exploring the sale of its interest in a joint-venture in the Eagle Ford basin, people familiar with the matter said.
Reliance, a Mumbai-based energy and chemicals conglomerate, is working with Citigroup Inc. to find buyers for the 45 percent stake which it acquired for $1.15 billion in 2010, the people said, asking not to be identified discussing private information. The assets are operated by Pioneer Natural Resources Co.