Image Source: © Prathanchorruangsak | Megapixl.com
- Corallian Energy continues negotiations with potential acquirer for the purchase of its 100% issued share capital.
- As part of the deal, Reabold will acquire all non-Victory assets in the UK offshore of Corallian.
The upstream oil and gas investment company, Reabold Resources PLC (LON:RBD) has updated the market that the acquisition of its investee company, Corallian Energy Limited, is progressing and the negotiation with the potential acquirer is underway.
Reabold in a recent market update, announced that Corallian Energy had received interest from a reliable third party for the potential takeover through the acquisition of all issued shares. As part of that offer, Reabold entered into a Sale and Purchase Agreement (“SPA”) to acquire 100% interest in all assets of Corallian, except for the Victory Gas Discovery.
Read here to gauge Reabold’s performance in 2022.
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal