Wednesday, June 6, 2007

Colony wins Libya's Tamoil in $5.4 bln deal

(Reuters) - Los Angeles-based Colony said in a statement on Wednesday that the sale also included Tamoil holding company Oilinvest and that the Libyan government would retain a 35 percent stake in the ongoing group.




The statement did not say what price Colony paid for its stake and a spokesman declined to give further detail.


Read more at Reuters.com Bonds News

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