UK's Energean tumbles as Carlyle deal to buy assets at risk of collapse
ReutersMar 17, 2025 8:59 AM
UK-based gas producer Energean ENOG.L down as much as ~11% at 837.5p, its lowest point since October 3
Co says a deal for Carlyle CG.O to buy assets from ENOG for up to $945 million is at risk of collapsing as some regulatory hurdles have not been cleared ahead of a deadline this week
"Certain regulatory approvals in Italy and Egypt have not yet been obtained by Carlyle (or waived)," ENOG says
Adds that transaction with CG may be terminated
As of last close, ENOG stock lost ~10% YTD
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