February 6, 2017 / 7:13 AM / 10 months ago

BRIEF-Maha Energy to acquire Gran Tierra's Brazilian operations

Feb 6 (Reuters) - Maha Energy AB :

* To acquire Brazil business unit of Gran Tierra Energy Inc. via purchase of all of shares and outstanding intercompany debt of Gran Tierra Finance (Luxembourg) S.Á.R.L.

* Cash consideration is $35 million plus financial guarantees (letters of credit or surety bonds) for certain work commitments totalling about $12 million

* Acquisition to be financed via fully committed directed share issue of 91.7 million Swedish crowns (about $10.5 million)

* Will also carry out rights issue of 12,919,326 shares at same price (7.10 crowns per share) as in directed share issue Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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