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An announcement from United Energy Group ( (HK:0467) ) is now available.
United Energy Group Limited has announced a discloseable transaction involving the acquisition of Apex International Energy Holdings I, valued at $150 million, with an additional deferred payment of $7 million. This strategic acquisition, subject to regulatory approvals, is aimed at enhancing United Energy’s asset base in the MENA region, potentially strengthening its industry positioning and offering new opportunities for growth.
More about United Energy Group
United Energy Group Limited is an energy company involved in the acquisition and operation of oil and gas assets. The company focuses on expanding its energy portfolio and increasing its market presence in the Middle East and North Africa (MENA) region.
YTD Price Performance: 20.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.22B
Learn more about 0467 stock on TipRanks’ Stock Analysis page.
