Sound Energy (GB:SOU) has released an update.
Sound Energy has announced that its subsidiary, Sound Energy Morocco East Limited, will be sold to Managem SA following the latter’s board approval, moving closer to finalizing the partial divestment of Sound Energy’s Moroccan assets. The completion of the deal is subject to the satisfaction or waiver of the remaining conditions as previously disclosed. The company is actively working on meeting these conditions and is coordinating with Managem to ensure a seamless transition.
For further insights into GB:SOU stock, check out TipRanks’ Stock Analysis page.
