GeoPark completes acquisition of remaining 95% stake in Venezuela CPP holding company
Bitget2026/11/02 11:34- GeoPark completed acquisition of Grupo Gilinski's remaining 95% stake in Bare Block's contract holding company for 42,135,872 common shares.
- The transaction required no cash acquisition payment, making Grupo Gilinski the controlling shareholder with approximately 56.3% ownership.
- The now-effective 25-year Venezuela production contract gives the operator a 65% net participating interest, with responsibility for funding all capital expenditures.
- Grupo Gilinski may receive 5,421,589 additional common shares, raising ownership to approximately 58.4%, if milestones are met by December 1, 2026.
- Grupo Gilinski must launch a tender offer within 90 days of closing at US$ 12.22 per share, totaling up to US$ 100 million.
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.
You may also like
Jensen Huang's influence surpasses that of Nvidia— and that's exactly the problem
Jensen Huang has been the key driving force behind the massive expansion of AI infrastructure, with his personal credibility and authoritative decision-making deeply embedded in the narrative of the global tech market’s rise over the past three years. Now, as scandals emerge, Nvidia’s trading team is expected to become more conservative and slow down external financing commitments, which undoubtedly worsens the situation for neoclouds already facing tight funding.
Deutsche Bank made significant Q3 purchases of midstream AI application stocks: the three major cloud giants saw increased holdings, with Palantir (PLTR.US) and Salesforce (CRM.US) also favored.
Deutsche Bank has submitted its third quarter 13F holdings report for the period ending September 30, 2026.
Crypto prices
More
