Advertisement
UK markets close in 3 hours 43 minutes
  • FTSE 100

    8,119.60
    +40.74 (+0.50%)
     
  • FTSE 250

    19,817.78
    +215.80 (+1.10%)
     
  • AIM

    755.40
    +2.28 (+0.30%)
     
  • GBP/EUR

    1.1671
    +0.0014 (+0.12%)
     
  • GBP/USD

    1.2516
    +0.0005 (+0.04%)
     
  • Bitcoin GBP

    51,250.83
    +158.93 (+0.31%)
     
  • CMC Crypto 200

    1,383.82
    -12.71 (-0.91%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CRUDE OIL

    84.12
    +0.55 (+0.66%)
     
  • GOLD FUTURES

    2,358.10
    +15.60 (+0.67%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,060.84
    +143.56 (+0.80%)
     
  • CAC 40

    8,043.23
    +26.58 (+0.33%)
     

Tullow sells stake in Uganda project to Total for $575 mln

LONDON, April 23 (Reuters) - Total has agreed to buy Tullow Oil's entire stake in their joint onshore oil fields in Uganda for $575 million, Tullow said on Thursday.

Tullow, which sits on about $2.8 billion in debt, will receive $500 million in cash and $75 million once a final investment decision is reached on the project, it said. (Reporting by Shadia Nasralla; Editing by Susan Fenton)