Tullow Oil Shareholders Approve Sale of Interest in Uganda Oil Sector
Tullow Oil Uganda will wholly exit the country
Tullow Oil plc (Tullow) shareholders have today approved its sale of the interest in Uganda’s oil industry, removing one of the key hurdles for the transaction to be concluded.
Tullow Oil said in April that it had signed a deal to sell all its stake in the project to France's Total for a sum of USD 575 million. The company needed a simple majority vote to move ahead with the transaction which
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