Merrill Lynch Canada will act as financial adviser and agent in connection with Corona’s (TSE) planned sale of its oil and gas holdings in Poco Petroleums and Avalon Corp. Last month, Corona announced plans to sell its interest in Poco in order to pay down debt and strengthen its balance sheet.
Corona holds a 17% direct interest in Poco, a Calgary-based medium-sized oil and gas production and exploration company. Avalon, 71% owned by Corona, holds a 32% interest in Poco.
By continuing to browse you agree to our use of cookies. To learn more, click more information
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.
Be the first to comment on "Merrill to act as agent for Poco sale"