Caspian Sunrise Enhances Terms for BNG Sale

Caspian Sunrise (GB:CASP) has released an update.

Caspian Sunrise PLC has announced improved terms for the proposed sale of its BNG shallow structures, with the deal’s headline consideration increasing from $83 million to $88 million. The company has extended the exclusivity period for the potential buyer, Absolute Resources LLP, until 31 August 2024, to finalise the sale and purchase agreement. The transaction is subject to shareholder approval and regulatory consents in Kazakhstan, the UAE, and the UK.

For further insights into GB:CASP stock, check out TipRanks’ Stock Analysis page.