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Announced

Completed

Managem completed the acquisition of Moroccan assets of Sound Energy for $45.2m.

Synopsis

Managem, an international mining group, completed the acquisition of Moroccan assets of Sound Energy, a transition energy company, for $45.2m. "We are delighted to have completed the sale of SEME Limited, and we are pleased to welcome Managem as its new owner. I would like to thank all those involved from both companies, our advisors, ONHYM and the Ministry of Energy. This is a transformative transaction for Sound Energy, unlocking significant value and we look forward to the new chapter of Tendrara development and exploration activity in Morocco," Graham Lyon, Sound Energy Executive Chairman.

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