Announced
Financials
Tags
South Sudan
Integrated Oil and Gas
Acquisition
Infrastructure
Friendly
Cross Border
Private
Single Bidder
Majority
Pending
oil and gas
Synopsis
Savannah Energy, an African-focused British independent energy company, agreed to acquire the South Sudan oil and gas business of Petronas, a Malaysian oil and gas company, for $1.25bn. The transaction is conditional upon the satisfaction of certain conditions precedent including, inter alia, approval of the Government of the Republic of South Sudan, the approval of Savannah's shareholders and re-admission to trading on AIM taking effect.
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