Hibiscus completes acquisition of Fortuna international Petroleum

KUALA LUMPUR: Hibiscus Petroleum Bhd's subsidiary Peninsula Hibiscus Sd Bhd has successfully completed the acquisition of the entire equity interest in Fortuna International Petroleum Corp.

In a statement, the group said that out of the purchase price of US$212.5mil, the net amount paid at completion was US$123.65mil after taking into account various adjustments including the deposit of US$15mil.