Keo Capital agrees to buy additional 16% stake in PetroUrdaneta for USD 37.5 million, lifting interest to 40%

Reuters2026/07/28 20:45

By:Reuters

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Keo Capital signed a definitive deal to buy an additional 16% indirect stake in PetroUrdaneta, lifting its interest to 40% from 24%.
Purchase price totals USD 37.5 million, split between signing, closing, and a deferred payment due within 24 months or on a qualifying raise trigger.
Asset is a Venezuelan oil joint venture in the Maracaibo Basin, with PdVSA holding 60% once the transaction closes.
Closing is targeted no later than Nov. 30, 2026, subject to customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Keo Capital AB published the original content used to generate this news brief on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Keo Capital agrees to buy additional 16% stake in PetroUrdaneta for USD 37.5 million, lifting interest to 40%

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