Energean ( (GB:ENOG) ) has issued an announcement.
Energean plc announced an update on its proposed sale of its portfolio in Egypt, Italy, and Croatia to Carlyle International Energy Partners. The transaction faces potential termination due to pending regulatory approvals in Italy and Egypt, which have not been obtained by Carlyle. Energean is committed to maximizing shareholder returns and will explore strategic options if the sale does not proceed.
More about Energean
Energean plc operates in the energy sector, focusing on oil and gas exploration and production. The company is known for its diversified portfolio of assets and is committed to achieving growth, paying reliable dividends, and reaching Net Zero emissions.
YTD Price Performance: -7.61%
Average Trading Volume: 306,177
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.73B
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