Parex Resources Proposes Acquisition of GeoPark

Paul, Weiss is advising Canada-based Parex Resources Inc., one of the largest independent oil and gas companies in Colombia, on its proposed $940 million acquisition of GeoPark, a leading independent energy company operating in Latin America.

Parex submitted an unsolicited proposal to GeoPark’s board of directors on October 29, seeking to acquire GeoPark for $9 per share in cash. Following the board’s rejection of the proposal, Parex has acquired an 11.8% ownership stake in the company, which allows it to call a special shareholder meeting of GeoPark shareholders.

The Paul, Weiss team is led by corporate partners Stan Richards and Adam Givertz, and includes partner Christian Kurtz.