Soco International buys out Vietnamese partner

SOCO International, the oil and gas firm, has entered into a 'conditional' agreement with Lizeroux Oil & Gas to acquire the 20 per cent minority interest in SOCO Vietnam that the group does not already own.

SOCO International, the oil and gas firm, has entered into a 'conditional' agreement with Lizeroux Oil & Gas to acquire the 20 per cent minority interest in SOCO Vietnam that the group does not already own.

The deal is set to cost $95m, which will be paid out of existing cash resources.

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