Deals
Tullow Jumps After Uganda Approves $575 Million Stake Sale
- Divestment had been snagged for years over tax terms
- Total agreed to buy Tullow’s share of the project in April
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Tullow Oil Plc received approval from the Ugandan government for the sale of a $575 million stake in an oil project to Total SE, sending the shares as much as 40% higher.