Parex Resources Ends Acquisition Talks with GeoPark

Reuters

Dec 09, 2025

Parex Resources Ends Acquisition Talks with GeoPark

Parex Resources Inc. has halted discussions with GeoPark Limited regarding a potential acquisition. After acquiring an 11.8% ownership stake in GeoPark and engaging in negotiations, Parex determined that there was no basis to increase its offer of US$9.00 per GeoPark share, as initially proposed in September 2025. The decision to end talks follows a period of due diligence and discussions, during which the two companies could not reach an agreement on value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Parex Resources Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9599147-en) on December 09, 2025, and is solely responsible for the information contained therein.

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After acquiring an 11.8% ownership stake in GeoPark and engaging in negotiations, Parex determined that there was no basis to increase its offer of US$9.00 per GeoPark share, as initially proposed in September 2025. The decision to end talks follows a period of due diligence and discussions, during which the two companies could not reach an agreement on value.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Parex Resources Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9599147-en) on December 09, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}