Energean wins investor acclaim with M&A bid

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By Mike Turner, Sam Kerr
04 Jul 2019

Energean Oil and Gas, the Greek exploration company listed on the London Stock Exchange, won strong investor support on Thursday morning for a transaction backing a new M&A deal.

The firm has agreed to buy Italy’s Edison E&P in a $750m transaction to be funded with debt and an equity sale, with a handful of banks due to book fees from the purchase. French utilities company EDF acquired Edison in 2012.

In order to part-finance the transaction, ...

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