Vallares,
an
acquisition
vehicle
established
by
Hayward
and
financier
Nat
Rothschild,
has
agreed
in
principle
to
a
tie-up
with
Genel
Enerji,
which
owns
oilfields
in
the
semi-autonomous
Kurdish
region
of
Iraq,
Reuters
quoted
a
source
close
to
the
matter
as
saying
on
Tuesday.
Vallares
is
expected
to
announce
a
deal
in
the
coming
days,
the
source
told
the
news
wire.
The
exact
terms
of
the
deal
are
unclear
but
it
is
expected
to
net
Hayward
and
his
Vallares
co-founders
tens
of
millions
of
pounds.
In
June,
Vallares
raised
1.35
billion
pounds
($2.2
billion)
from…
