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Announced

PGNiG to acquire INEOS E&P Norge for $615m.

Financials

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Transaction Value£448m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Norway

Majority

Pending

Single Bidder

Private

offshore oil and gas

Acquisition

Infrastructure

Offshore Drilling and Other Services

Cross Border

Synopsis

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PGNiG, a Polish state-controlled oil and gas company, agreed to acquire INEOS E&P Norge, which holds interests in 22 licences on the Norwegian Continental Shelf, for $615m. The hydrocarbon resources to be acquired by the PGNiG Group amount to 117m barrels of oil equivalent, and will increase PGNiG's Norwegian resources by approximately 55%.

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