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New Deal


Announced

Completed

Cairn completed the acquisition of the Egyptian upstream assets of Shell for $926m.

Financials

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Transaction Value£669m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Egypt

Oil Equipment and Services

Infrastructure

Private

Friendly

Single Bidder

Majority

upstream assets

Cross Border

Acquisition

Completed

Synopsis

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Cairn Energy, an independent oil and gas exploration and development company, completed the acquisition of the Egyptian upstream assets of Shell, a British-Dutch multinational oil and gas company, for $926m. The gas-weighted portfolio, in a region with strong demand growth, offers low cost production, near-term development, owned infrastructure and significant exploration potential.

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