Reply To: Can M&A principles be used for Joint Venture operator changes?

#109717

Lisa Fawns
Participant

Paul, all very good points. In our case we will keep them running as separate legal entities and provide functional services through master services agreements. Interestingly, the partner currently providing the functional services is using their divestiture process to transition the work to us creating a number of challenges. Even though we are staying separate legal entities with the same JV partner structure your culture comments are very relevant and what to do with functional roles where we may have some duplication. Thank you for your comments.

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