Houston Natural Resources completed the acquisition of a 40% stake in Rhino Energy.

Financials

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Transaction Value-

Consideration TypeCash

Capital Owned-

Capital Bid For40%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

bidder

Cunningham Natural Resources Corp

target

Rhino Energy

Sources

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Press Release

Houston Natural Resources - 31 Mar 2023

Tags

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Acquisition

Alternative Fuels

United States

renewable energy

solar energy

Private

Minority

Friendly

Single Bidder

Domestic

Completed

Synopsis

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Houston Natural Resources, a diversified energy company, completed the acquisition of a 40% stake in Rhino Energy, an energy company. Financial terms were not disclsoed. Houston Natural Resources has engaged legal counsel, auditors and an underwriter for its listing on to NASDAQ which it expects to file in the second quarter this year.