March 8 (Reuters) - Greenfields Petroleum Corp GNF.V :
* Announces execution of agreement to consolidate interest in bahar energy
limited and restructuring transaction
* Through unit entered share purchase agreement with baghlan group limited
* Says the aggregate consideration payable by gpic for the acquisition includes
a cash payment of USD$6.0 million
* Says upon completion of the acquisition, bel will become a wholly-owned
subsidiary of the company
* Gpic to buy baghlan's 2/3 interest in bahar energy ltd,baghlan's interest in
shareholder loan receivable due from bel to baghlan
* Says Greenfields estimates the default obligations to be an aggregate of
USD$57.6 million
* Source text for Eikon ID:nMKWn2df5a
* Further company coverage GNF.V