March 17 (Reuters) -

A deal for Carlyle to buy assets from Energean ( EERGF )

for up to $945 million is at risk of collapsing as some

regulatory hurdles have not been cleared ahead of a deadline

this week, Energean ( EERGF ) said on Monday.

The two companies reached an agreement last June which

would allow private equity fund Carlyle to form a new

Mediterranean-focused oil and gas company led by former BP

CEO Tony Hayward on the basis of Energean ( EERGF ) assets in

Egypt, Italy and Croatia.

"Certain regulatory approvals in Italy and Egypt have

not yet been obtained by Carlyle (or waived) and the Company has

no assurance that such conditions will be satisfied on or before

20 March 2025 in accordance with the terms of the binding Sale

and Purchase Agreement," Energean ( EERGF ) said.

It added that no extension has yet been agreed upon.

"Therefore, (absent an extension being agreed) the

transaction may be terminated."