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New Deal


Announced

Waldorf Production to acquire the Catcher and Kraken fields from Cairn Energy for $460m.

Financials

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Transaction Value£332m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Infrastructure

Private

Domestic

United Kingdom

Acquisition

Single Bidder

oil field properties

Majority

Friendly

Oil: Crude Producers

Pending

Synopsis

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Waldorf Production, a private oil and gas company based in Manchester, agreed to acquire the Catcher and Kraken fields from Cairn Energy, an independent oil and gas exploration and development company, for $460m. "The divestment of our UK producing assets as they move into decline phase, will further strengthen our ability to pursue Cairn's strategic goals and position the company robustly for the decade ahead," Simon Thomson, Cairn CEO.

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