Tullow Oil to Receive UGX264bn Earn-out from Total Energies in Uganda

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An earn-out, aka, Contingent consideration, represents payments that buyers and sellers will pay or receive after the closing of a transaction based on future performance. Tullow Oil plc (Tullow), on November 10, 2020, announced that the sale of its assets in Uganda to Total had been completed with a USD500 million pay-out.

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