Announced
Financials
Sources
Tags
United Kingdom
Majority
Acquisition
Cross Border
Friendly
Disposal
Integrated Oil and Gas
Private
oil and gas exploration
Private Equity
Pending
Single Bidder
Synopsis
AJ Lucas, a specialist provider to the energy, mining and infrastructure sectors, agreed to acquire a stake in Cuadrilla, an oil and gas exploration and production company, from private equity firm Riverstone. Financial terms were not disclosed. Following this acquisition, AJL’s holding in Cuadrilla will increase from its current level of 47.6% to approximately 93%, with the remainder of the shares primarily held by current and former employees.
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