November 19, 2012 / 2:43 PM / 5 years ago

Pacific Rubiales to buy C&C Energia

1 Min Read

Nov 19 (Reuters) - Oil and natural gas producer Pacific Rubiales Energy Corp said it will buy C&C Energia Ltd in a deal valued at about C$499 million ($497.3 million) to create a Colombia-focused junior exploration company.

The offer of about C$7.81 per share represents a premium of 4 percent to C&C Energia's Friday close of C$7.50.

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