Maha to Acquire Stake in Venezuela's PetroUrdaneta

Maha to Acquire Stake in Venezuela's PetroUrdaneta

Maha made the decision following the U.S. Treasury's issuance of a 'general license' for certain transactions involving Petroleos de Venezuela.

Maha Capital AB said it will acquire a 24 percent indirect stake in Venezuelan oil company PetroUrdaneta by exercising its rights under a deal with Novonor. Stockholm-based Maha said it has made the… [+2964 chars]