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Kosmos could be valued at $5 bln if goes public - report

NEW YORK (Reuters) - The private equity backers of oil firm Kosmos Energy are considering taking it public in either the U.K. or U.S., which could value the company at around $5 billion (3.24 billion pounds), the Financial Times reported on Thursday.Kosmos, backed by private equity firms Warburg Pincus <WP.UL> and Blackstone Group LP <BX.N>, had agreed to a deal last year to sell its interests in Ghana's Jubilee oilfield to Exxon Mobil Corp <XOM.N> for $4 billion, sources close to the deal had said at the time.

03 September 2010 01:02 GMT

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That deal, however, was scuppered in August. The proposed transaction had met fierce resistance within the West African state.

Two sources familiar with the situation told Reuters on Thursday that the private equity firms were considering options for the business which could include an IPO, but said no decisions have been made. A strategic sale is still not ruled out, one of the sources said.

Kosmos was not immediately available for comment.

(c) Reuters 2012. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

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