OREANDA-NEWS. Tullow Oil plc (Tullow) announces the completion of the sale of Tullow Bangladesh Limited (TBL) through its subsidiary, Tullow Oil International Limited, to KrisEnergy Asia Holdings BV, a subsidiary of KrisEnergy Asia Limited.
A sale and purchase agreement was signed on 8 April 2013 for the sale of 100% of the share capital of TBL and following approvals and consents from the Government of Bangladesh, the final completion documentation was signed today at Tullow’s headquarters in London.
TBL will now be renamed KrisEnergy Bangladesh Ltd. and all existing staff will continue their employment.