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Warburg Pincus is considering selling five of its eight international oil and gas investments after the coronavirus crisis hit demand, sources familiar with the matter said.

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The U.S. investment firm, which has more than $54 billion in private equity assets under management, has committed or invested some $13 billion into energy over the last decade, with much of this in North America.

While Warburg Pincus backed the U.S. shale revolution and associated infrastructure, a significant minority of its investment has focused on assets in Africa, Asia and Eastern Europe which are no longer seen as core, the sources said.

The firm has yet

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