Brasil Business news

The board of administrators of Maha Power AB (publ) (“Maha” or

The board of administrators of Maha at the moment pronounces that it’s at present investigating two potential M&A alternatives, comprising the potential sale of (i) the Firm’s Brazilian belongings and (ii) the Firm’s US belongings.

Consistent with the Firm’s new strategic positioning, the board of administrators has analyzed the optimization of the Firm’s asset portfolio to boost its capital construction and is investigating potential M&A alternatives. Maha is at present in several levels of negotiations concerning particular transactions which can contain the divestment of its Brazilian belongings and the divestment of its US belongings.

Potential divestment of Maha’s Brazilian belongings
Maha is at present in discussions with an oil and fuel counterparty concerning a possible divestment of the Firm’s fairness curiosity in its Brazilian belongings. The events are at present conducting a due diligence course of and any future settlement will likely be launched to the market sooner or later.

No matter the results of this potential transaction, Maha maintains its full dedication to effectively creating its present operations in Brazil, specializing in growing manufacturing and pursuing main advantages for its shareholders.

Potential divestment of US belongings
Maha is receiving proposals for the divestment of its oil and fuel belongings positioned in america. The events are at present conducting a due diligence course of and any future settlement will likely be launched to the market sooner or later.

No settlement has been reached concerning any of the above transactions and it’s not attainable to state with certainty that any settlement will likely be reached. Any settlement is inter alia topic to the events finishing due diligences and efficiently negotiation and discovering an settlement. Additional data will likely be revealed when there may be something substantial to speak. 

Miscellaneous 
This data is such data that Maha Power AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The knowledge was submitted for publication, via the company of the contact particular person set out beneath, at 14:00 CET on 2 December 2022.

For extra data, please contact:        
Paulo Thiago Mendonça (CEO)
Tel: +46 8 611 05 11        
data@mahaenergy.ca

Victoria Berg (Investor Relations)
Tel: +46 8 611 05 11      
victoria@mahaenergy.ca

About Maha
Maha Power AB (publ) is a listed, worldwide upstream oil and fuel firm whose enterprise actions embody exploration, growth and manufacturing of crude oil and pure fuel. The technique is to focus on and develop underperforming hydrocarbon belongings on world foundation. Maha operates 4 oil fields: Tartaruga and Tie in Brazil, Powder River (LAK Ranch) and Illinois Basin in america. The shares are listed on Nasdaq Stockholm (MAHA-A). The pinnacle workplace is in Stockholm, Sweden with a technical workplace in Calgary, Canada, in addition to operations places of work in Grayville, Illinois, USA and Rio De Janeiro, Brazil. For extra data, please go to our web site www.mahaenergy.ca

  • 20221202 Maha Power Press Launch – Divestment alternatives ENG

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