Talisman Energy Inc. (NYSE: TLM) said April 30 that Spain’s Repsol SA’s $13 billion purchase of the Calgary company is set to close on May 8.
Regulatory approvals required under the arrangement agreement with Repsol have been obtained. The completion of the transaction remains subject to the satisfaction of customary closing deliverables.
The transaction includes cash payment of US$9.3 million and assumption of debt.
Talisman Energy Inc. is a global upstream oil and gas company with operating areas in North America, Colombia and the Asia-Pacific. The deal was announced in December.
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