Energean wins investor acclaim with M&A bid

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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