{"id":24882,"date":"2024-04-27T15:59:57","date_gmt":"2024-04-27T15:59:57","guid":{"rendered":"https:\/\/basham.com.mx\/?p=24882"},"modified":"2024-04-27T16:00:41","modified_gmt":"2024-04-27T16:00:41","slug":"basham-advised-grupo-carso-in-obtaining-cofece-concentration-clearance-to-acquire-the-entire-share-capital-of-petrobal-operaciones-a-subsidiary-of-grupo-bal","status":"publish","type":"post","link":"https:\/\/basham.com.mx\/en\/basham-advised-grupo-carso-in-obtaining-cofece-concentration-clearance-to-acquire-the-entire-share-capital-of-petrobal-operaciones-a-subsidiary-of-grupo-bal\/","title":{"rendered":"Basham advised Grupo Carso in obtaining COFECE concentration clearance to acquire the entire share capital of PetroBal Operaciones, a subsidiary of Grupo Bal."},"content":{"rendered":"<ul class=\"wp-block-list\">\n<li><em>As a result of the transaction, Grupo Carso will participate in the exploitation of the Ichalkil and Pokoch oil fields, located off the coast of Campeche.<\/em><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Mexico City, April 27, 2024.<\/strong> The Federal Economic Competition Commission (\u00abCOFECE\u00bb) unconditionally authorized the acquisition by one of Grupo Carso&#8217;s subsidiaries of all the shares of PetroBal Operaciones Upstream, S.A. de C.V., and its subsidiaries, through which Grupo Bal currently holds a 50% stake in the exploitation of the Ichalkil and Pokoch oil fields, located off the coast of Campeche (Contract Area 4).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In obtaining the COFECE clearance, Grupo Carso was advised by Am\u00edlcar Peredo (Partner) and Le\u00f3n Jim\u00e9nez (Senior Associate) of the antitrust team of Basham, Ringe y Correa, S.C. in Mexico City.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to data from the National Hydrocarbons Commission, Ichalkil and Pokoch together produce about 12,000 barrels of oil per day. The deal is worth approximately $530 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With this acquisition, Grupo Carso consolidates its participation in the exploration and production of hydrocarbons in Mexico.<\/p>","protected":false},"excerpt":{"rendered":"<p>Mexico City, April 27, 2024. The Federal Economic Competition Commission (\u00abCOFECE\u00bb) unconditionally authorized the acquisition by one of Grupo Carso&#8217;s subsidiaries of all the shares of PetroBal Operaciones Upstream, S.A. de C.V., and its subsidiaries, through which Grupo Bal currently holds a 50% stake in the exploitation of the Ichalkil and Pokoch oil fields, located [&hellip;]<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[1264,1324],"tags":[206,1505],"class_list":["post-24882","post","type-post","status-publish","format-standard","hentry","category-english","category-english-en","tag-english","tag-pr"],"_links":{"self":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/posts\/24882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/comments?post=24882"}],"version-history":[{"count":2,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/posts\/24882\/revisions"}],"predecessor-version":[{"id":24884,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/posts\/24882\/revisions\/24884"}],"wp:attachment":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/media?parent=24882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/categories?post=24882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/tags?post=24882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}