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Brooge Energy announces proposed sale of PGIC FZE and BPGIC Phase III FZE

Brooge Energy (BROG) “announced entering into a conditional sale and purchase agreement for the proposed sale of 100% of the total issued share capital of each of Brooge Petroleum and Gas Investments Company FZE and Brooge Petroleum and Gas Investment Company Phase III FZE, to Gulf Navigation Holding PJSC. The total consideration payable under the Transaction amounts to $884M.

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