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HSBC Sole Financial Advisor to ConocoPhillips on sale of its Vietnam Business Unit
16 February 2012
New York - HSBC Securities (USA) Inc. today announced it acted as the Sole Financial Advisor to ConocoPhillips on the sale of its Vietnam business unit to Perenco for a total of $1.29 billion plus working capital adjustments.
ConocoPhillips has entered into definitive agreements with a subsidiary of Perenco to sell its three wholly-owned subsidiaries that separately hold its 23.25 percent participating interest in Block 15-1, 36 percent participating interest in Block 15-2, and 16.3 percent participating interest in Nam Con Son Pipeline. The transaction is anticipated to close in the first half of 2012.
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- Juanita Gutierrez
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