Mayer Brown advises VAALCO Energy on proposed business combination with TransGlobe
London — Mayer Brown represented VAALCO Energy, Inc. (VAALCO) on its arrangement agreement with TransGlobe Energy Corporation (TransGlobe). VAALCO will, subject to the satisfaction of certain closing conditions, acquire all of the outstanding common shares of TransGlobe in a stock-for-stock strategic business combination valued at US$307 million.
The combination of VAALCO and TransGlobe will create a world-class African-focused exploration & production company listed on exchanges in New York and London, with assets located in Egypt, Gabon, Equatorial Guinea and Canada.
The cross-border Corporate & Securities team was led by partners Kate Ball-Dodd and Rob Hamill in London and included partner Bob Palmer, senior associate Harriet Hainsworth, associate Alex Sperling (all London), partners Andrew Noreuil and John Ablan (both Chicago) and associates Gonzalo Go and James Alford (both New York).