Setterwalls has assisted Maha Energy AB in connection with the divestment of its Brazilian subsidiary Maha Energy Brasil Ltda. to PetroRecôncavo for a consideration of up to approximately SEK 1.95 billion

Setterwalls has assisted Maha Energy AB, listed on Nasdaq Stockholm, in connection with the divestment of its Brazilian subsidiary Maha Energy Brasil Ltda. to PetroRecôncavo for a consideration of up to approximately SEK 1.95 billion.

Maha Energy AB (publ) is a listed, international upstream oil and gas company whose business activities include exploration, development and production of crude oil and natural gas. The strategy is to target and develop underperforming hydrocarbon assets on global basis. Maha operates three oil assets: Block-70 (Oman), Powder River (LAK Ranch) and Illinois Basin in the United States.