Brazil M&A | 3R/Enauta/Maha merger creates a leading Latin American independent
July 3, 2024
On 26 June 2024, the shareholders of 3R Petroleum and Enauta approved the merger of the two companies. Simultaneously, approval was also given for the roll-up of 3R Offshore (a JV held by 3R and Maha Energy) into 3R Petroleum. Once the transaction is closed, the combined company (to be referred to as “NewCo” in this report) will be one of the largest independents in Brazil and Latin America.