(Bloomberg) -- Colony Capital LLC, the property
buyout firm led by billionaire Thomas Barrack, agreed to acquire
control of Libya's Tamoil SA for 4 billion euros ($5.4 billion),
beating out other suitors including Carlyle Group.
The Libyan government will retain a 35 percent stake in the
refiner and gas-station operator, Los Angeles-based Colony said
in a statement today. Owen Blicksilver, a spokesman for Colony,
declined to comment beyond the statement.
Read more at Bloomberg Energy News
buyout firm led by billionaire Thomas Barrack, agreed to acquire
control of Libya's Tamoil SA for 4 billion euros ($5.4 billion),
beating out other suitors including Carlyle Group.
The Libyan government will retain a 35 percent stake in the
refiner and gas-station operator, Los Angeles-based Colony said
in a statement today. Owen Blicksilver, a spokesman for Colony,
declined to comment beyond the statement.
Read more at Bloomberg Energy News
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