News Formal

Carlyle creates new Mediterranean-focused oil and gas company with US$945-million Energean deal

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 92%

Energy أخبار

مصر أحدث الأخبار,مصر عناوين

The deal will allow Carlyle to tap into the eastern Mediterranean gas market that has grown rapidly in recent years as gas demand in Egypt soars and Europe seeks alternatives to Russian gas

Carlyle will form a new Mediterranean-focused oil and gas company led by former BP CEO Tony Hayward after the private equity fund agreed to acquire Energean’s assets in Egypt, Italy and Croatia for up to $945-million, the companies said on Thursday.

But it will seek to grow output by upgrading existing assets and through other acquisitions in the Mediterranean, CIEP co-head Bob Maguire told Reuters. Jefferies analysts estimated the net asset value of the resources that Energean is selling to be $1.28-billion, implying a 26 per cent discount in the deal.

Energean’s board expects to redefine its dividend policy following the completion of the deal, which is expected by year-end.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 5. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Carlyle Aviation Tests Rekindled Aircraft ABS Market After Two-Year PauseAfter a two-year absence from the asset-backed securities market, Carlyle Aviation Partners is returning with a bond sale backed by commercial aircraft, a market where issuance could keep climbing as new plane sales come under pressure.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »