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Malaysia's Sona Petroleum borrows $140 mln for Salamander deal

Reuters - UK Focus

KUALA LUMPUR, Oct 28 (Reuters) - Malaysia's special-purpose acquisition company, Sona Petroleum Bhd, said on Tuesday it is to borrow $140 million to part finance a proposed purchase of a stake in London-listed oil exploration and production company Salamander Energy Plc (Other OTC: SALDF - news) .

Sona said in a local stock exchange filing that it had signed a facility agreement with BNP Paribas (Xetra: 887771 - news) and RHB Bank, which will be the joint lead arrangers.

Sona, a company set up with the intention of buying firms that will be later folded into the business, said in June it was to buy a 40 percent stake in two oil and gas blocks from Salamander in the Gulf of Thailand for $280 million. (Reporting By Yantoultra Ngui. Editing by Jand Merriman)