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Canada’s Frontera Energy sells non-core asset in Colombia

Monday, October 30, 2017

Canada-based Frontera Energy Corporation has signed an agreement to sell its interest in Petroelectrica de los Llanos for $56 million of Colombia to fund its acquisition of Pacific Midstream Limited.

Eléctricas de Medellín is the buyer in a cash deal which the Toronto-based oil company called a “non-core asset.”

Source: Finance Colombia