First reported by Zawya
Genel Energy to expand into Egypt via $360mln Capricorn Energy acquisition deal
UK-listed oil producer makes $360 million bet on Egypt as geopolitical risks reshape energy investment
By
Ayodeji Adegboyega
4h ago
Source
Business InsiderUK-listed oil producer makes $360 million bet on Egypt as geopolitical risks reshape energy investmentbusinessinsider.comLondon-listed Genel Energy has agreed to acquire Capricorn Energy in a $360 million all-cash deal, giving it a major foothold in Egypt as it seeks to reduce its reliance on oil assets in Iraq’s conflict-prone Kurdistan region.
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Genel Energy to expand into Egypt via $360mln Capricorn Energy acquisition deal
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