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Announced

Completed

Camber Energy completed the acquisition of additional 38% stake in Viking Energy.

Financials

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Transaction Value-
Consideration TypeCash, Ordinary Shares
Capital Owned62%
Capital Bid For38%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Single Bidder

United States

Acquisition

Majority

oil and gas

Integrated Oil and Gas

Domestic

Friendly

Public

Synopsis

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Camber Energy, a diversified energy company, completed the acquisition of additional 38% stake in Viking Energy, a diversified energy and power solutions provider, Financial terms were not disclosed. "We sincerely appreciate the patience and support of our stakeholders for affording us the opportunity to finally close this merger, and in no way do we view the acquisition as a ‘finish line' of any kind. Rather this is merely an early, albeit significant, step within our comprehensive plan to transform this organization into what we firmly believe will be a revolutionary and profitable participant in the energy industry," James Doris, Camber President & CEO.

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