Mexico To Get Its First Public Oil Company In August

Vista Oil & Gas, a private company backed by Riverstone Capital, will launch its initial public offering on August 11, becoming the first public oil company in Mexico, four years after the start of reforms that removed the monopoly status of state-owned Pemex, according to sources close to the company who spoke to Reuters. Vista Oil & Gas will be a special purpose acquisition company, it says on its website. This type of company raises funds and uses them for mergers and acquisitions to generate revenues and profits. In its IPO, Vista plans…