Zenith Energy announces acquisition of oil production and development asset in Tunisia
Zenith Energy, an international oil & gas production company focused on pursuing African development opportunities, announced that Zenith Energy Africa Limited (ZEAL), its newly incorporated fully owned subsidiary, has entered into a share purchase agreement (SPA) with Candax Energy for the acquisition of a 100% interest in Candax's fully owned subsidiary in Barbados, Ecumed Petroleum Zarzis (EPZ) (the Acquisition), which holds a 45% interest in the Ezzaouia Concession, Tunisia. Pursuant to the terms of the SPA, ZEAL has agreed to acquire 100% of the issued share capital of EPZ for the aggreg...
Source: africabusinesscommunities.com