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Carlyle Agrees to Invest in Boru Energy

Global alternative asset manager The Carlyle Group has agreed to invest in Boru Energy, a newly established oil and gas investment platform. The platform, which will be run by former Tullow Oil executives, will acquire up to USD1 billion in non-operated oil and gas production assets in Sub-Saharan Africa from energy companies aiming to divest parts of their fossil fuel portfolios. Carlyle will invest through Carlyle International Energy Partners. Financial details of the transaction were not disclosed.