Capricorn Energy plc directors have agreed to sell the company for US$360 million (£271m) cash to Genel Energy plc. SCALE The Scottish company had previously been awaiting a cash offer from Saudi Arabia-based Alamadiyaf al-Masiyyah for Trading LLC. Capricorn’s onshore Egypt assets will add to Genel’s production interests in the Kurdistan region of Iraq and […]
Tag: cash sale
Deltic mulls future after exiting sale to Viaro
Deltic Energy plc said it would consider “all other options” after the industry regulator delayed its decision for the third time on the company’s £6.9 million cash sale to Viaro Energy. DEBT The companies agreed the transaction in June 2025 and aimed to close the deal during the final quarter of the year, subject to […]