Energean Oil & Gas Plc To Sell Edison E&P's UK And Norwegian Subsidiaries

  • Oct 14, 2019 BST
  • Team Kalkine
  • Energean Oil & Gas Plc (ENOG) has entered into a conditional Sale and Purchase Agreement with Neptune Energy Group Holdings Limited to sell Edison E&P's UK and Norwegian subsidiaries.
  • The transaction is for a consideration of $250 million of cash, with an additional cash contingent consideration of up to $30 million.
  • On 14th October 2019, at the time of writing, GMT 13:20 PM, ENOG shares were trading at GBX 945.00, up by 18.00 points or 1.94 per cent against the previous day closing price.

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