Energean to sell Egypt, other assets to Carlyle for up to $945 mln-February 2024-www.financetom.com

Energean to sell Egypt, other assets to Carlyle for up to $945 mln

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Energean to sell Egypt, other assets to Carlyle for up to $945 mln

Jun 19, 2024 11:27 PM

LONDON, June 20 (Reuters) - Mediterranean-focused oil

and gas producer Energean ( EERGF ) said on Thursday that it has

agreed to sell its assets in Egypt, Italy and Croatia to private

equity fund Carlyle for up to $945 million.

The deal will include a cash payment of $504 million.

The board expects to redefine its dividend policy following

the completion of the deal, which is expected by year-end.

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