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New Deal


Announced

Romgaz to acquire a 50% stake in XIX neptun deep block from ExxonMobil for $1.06bn.

Financials

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Transaction Value£735m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Pending

Romania

oil and gas

Integrated Oil and Gas

Private

Acquisition

Minority

Single Bidder

Domestic

Synopsis

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Romgaz, a natural gas producer in Romania, agreed to acquire a 50% stake in XIX neptun deep block from ExxonMobil, an American multinational oil and gas corporation, for $1.06bn. Romgaz will ask shareholders to approve the deal at a meeting on December 9, 2021, when it will also request approval to borrow $377m to cover a part of the transaction costs.

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