Ithaca Energy PLC (GB:ITH) has released an update.
Ithaca Energy PLC has published a prospectus and shareholder circular regarding its upcoming combination with Eni S.p.A.’s UK upstream oil and gas assets, marking a significant step towards forming a leading growth-oriented player in the UK North Sea. The merger, subject to shareholder approval at a general meeting, promises to position Ithaca Energy as a potential top UK producer by the early 2030s with a robust portfolio and strategic growth prospects. The company has already secured substantial shareholder support for the transaction, which is anticipated to conclude in the fourth quarter.
For further insights into GB:ITH stock, check out TipRanks’ Stock Analysis page.
