Wednesday, June 6, 2007

Colony to pay $5.4B for Libya's Tamoil

Colony to pay $5.4 bln for Libya's Tamoil (Reuters)

An oil rig is seen in a file photo. Private investment firm Colony Capital LLC has agreed to pay 4 billion euros ($5.4 billion) for Libya's European oil company Tamoil and Oilinvest. (Kimberly White/Reuters)Reuters - Private investment firm Colony Capital LLC has agreed to pay 4 billion euros ($5.4 billion) for Libya's European oil company Tamoil and Oilinvest.


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