Acquisition of Edison E&P

Proposed Acquisition of Edison E&P.


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Highlights

 

 

-Acquisition of Edison E&P for US$750 million initial consideration and US$100 million contingent consideration

 

 

-Creates one of the largest independent E&P companies on the London and the Tel Aviv Stock Exchanges

 

 

The Acquisition of Edison E&P on attractive metrics is in line with Energean’s stated strategy of creating the leading independent, gas-focused E&P company in the Mediterranean. It will significantly increase Energean’s scale and diversification by adding a complementary portfolio of accretive development, appraisal and exploration opportunities, whilst immediately contributing EBITDAX and cashflow to support the Enlarged Group’s strategic growth and medium term ambition to start paying a dividend.

Download full announcement

Download full presentation

Download announcement on the result of equity issue

Download announcement on the disposal of Edison E&P North Sea assets 

Download Edison E&P transaction update