Pioneer Closes Sale of Tunisia Subsidiaries to OMV
Pioneer Natural Resources Co.
| Friday, February 18, 2011 | 4:31 AM EST
Pioneer has closed its previously announced sale of all of the stock of Pioneer's Tunisia subsidiaries to a wholly-owned subsidiary of OMV AG for cash proceeds of $866 million, before normal closing adjustments. The transaction has an effective date of January 1, 2011.
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