Announced
Completed
Financials
Tags
Italy
Integrated Oil and Gas
Acquisition
oil and gas
Private
Single Bidder
Completed
Cross Border
Disposal
Friendly
Majority
Synopsis
Energean, an oil and gas producer, completed the acquisition of Edison Exploration & Production oil business from Edison, an oil and gas business company, for $284m. "Completion of our acquisition of Edison E&P marks a key milestone along our path to becoming the leading independent, gas-producer in the Mediterranean and significantly advances us towards our goal of delivering material free cash flows and shareholder returns in a sustainable way," Mathios Rigas, Energean CEO. On June 29, 2020, the acquisition price was cut down to $284m from $750m.
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