Announced
Completed
Financials
Tags
oil and gas
Integrated Oil and Gas
Norway
Single Bidder
Friendly
Acquisition
Majority
Private
Cross Border
Completed
Synopsis
Kistos, an independent energy company, completed the acquisition of Mime Petroleum, an oil and gas company, for $110m. "After a period during which commodity price volatility and fiscal uncertainty has made it difficult to agree deals in the UK and the Netherlands, I am very pleased to be able to announce Kistos' expansion into Norway. Kistos has evaluated several transactions in the UK and Dutch sectors, but the imposition of punitive windfall taxes and a lack of fiscal certainty have meant that both countries remain difficult places to commit capital and ensure continuity of shareholder returns," Andrew Austin, Kistos Executive Chairman.
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