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Capricorn Energy raised its annual production forecast above the mid-point of guidance, driven by strong Egyptian operations and higher oil prices. The company remains in an ongoing takeover contest a
UK-listed Capricorn Energy has accepted a revised $396 million takeover offer from Norwegian oil firm DNO at $5.214 per share. The deal accelerates amid rising oil prices following the onset of the Ir
Norwegian oil firm DNO agreed to acquire UK-based Capricorn Energy for $396 million, outbidding rival Genel Energy as rising oil prices fuel M&A activity in the Middle East region.
UK-listed Genel Energy rejected a £202 million takeover bid from rival DNO, following its recent agreement to acquire Capricorn Energy in a separate $360 million deal.
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