July 27, 2020 / 7:03 AM / 19 days ago

Cairn Energy to pay special dividend after $400 mln Senegal interests sale

July 27 (Reuters) - Oil and gas producer Cairn Energy said on Monday it will sell its Senegal interests to Russia’s LUKOIL for up to $400 million and intends to return at least $250 million as a special dividend after the completion of the sale.

Cairn said in a statement it will sell its entire 40% interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) Contract Area.

Reporting by Tanishaa Nadkar in Bengaluru; editing by Uttaresh.V

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