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    Sona Petroleum to buy Salamander's Thai assets

    Sona Petroleum Bhd.

    Malaysia’s Sona Petroleum Bhd. is buying a 40% stake in two oil and gas blocks from London-listed Salamander Energy Plc in the Gulf of Thailand for $280 million, according to Reuters.

    The blocks include an active oil field that has been producing since 2008, along with rights to explore surrounding fields.

    The transaction, which is expected to close by the third quarter this year, is still subject to approval from shareholders and regulators.

    Reuters said that CIMB Investment Bank and BNP Paribas were advisors on the transaction.

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