July 30, 2018 / 5:02 PM / in 2 months

Petrofac to sell 49 pct stake in Mexican operations

July 30 (Reuters) - British oilfield services provider Petrofac Ltd said on Monday it had signed a deal to sell 49 percent of its operations in Mexico to Perenco (Oil & Gas) International Ltd.

Petrofac did not say how much Perenco would pay in total for the stake, only that it would pay an initial cash consideration of $200 million. (Reporting by Justin George Varghese in Bengaluru; Editing by Susan Fenton)

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