Today's Transactions:
Vermilion Closes $76M ZaZa Purchase in Latest Energy Deal
Vermilion bought working interests in the Paris basin
Vermilion REP SAS has completed its purchase of ZaZa Energy Corp.’s (Nasdaq: ZAZA) French assets for $76 million.
The assets cover 24,300 acres and the working interests in the Sant Firmin, Chateaurenard, Courtenay, Chuelles and Charmottes fields in the Paris basin.
Vermilion REP is a subsidiary of Vermilion Energy Inc., a Calgary-based oil and gas producer.
Houston-based ZaZa used half of he proceeds to pay down part of its senior secured notes.
For more on energy M&A see “Fracking Fuels Energy Deals” and “Special Report: Energy M&A on Fire in December.”
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