Oman's Renaissance Services approves DP World acquisition of Topaz Energy

Oman's Renaissance Services approves DP World acquisition of Topaz Energy
Published: 31 July 2019 - 6:15 a.m.
By: Carla Sertin

Oman's Renaissance Services revealed that its shareholders have approved a deal to sell an 86.5% stake in Topaz Energy to DP World. In a filing to the Muscat stock exchange, Renaissance Services wrote that its shareholders approved the sale in a 29 July meeting.

DP World, which operates Dubai's ports, agreed to purchase a majority stake in oil services company Topaz Energy and Marine for $1.08bn. This marks its first investment in the oil and gas sector.

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