Military coup changes up Carlyle's oil sale plans

Background: Carlyle last August agreed to sell Assala to France's Maurel & Prom for $730 million (plus around $600 million in assumed debt).

• Just weeks later came a general election and subsequent coup, pushing the Bongo family out of power after more than five decades.
• The new government chose to exercise its preemption right on Assala, rather than accept Maurel & Prom's offer of a slight ownership stake increase.

The bottom line: Carlyle says the new deal terms are "materially the same."