Pemex, First Reserve Said to Near $500 Million Asset Deal

  • State-owned producer will lease back, operate facilities
  • Pemex said to have finalized similar deal with KKR last week

Petroleos Mexicanos and private-equity firm First Reserve Corp. are finalizing terms on a sale and leaseback agreement intended to provide the beleaguered state-owned oil producer with much needed capital, according to two people with knowledge of the discussions.

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