Announced
Financials
Sources
Tags
Friendly
Pending
Romania
oil and gas
Integrated Oil and Gas
Private
Acquisition
Minority
Single Bidder
Domestic
Synopsis
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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