UK's Capricorn Energy falls after Cafani Group rules out bid for co
11/08/2026 15:04
BUZZ-UK's Capricorn Energy falls after Cafani Group rules out bid for co ** Shares of British oil and gas producer Capricorn Energy CNE.L fall as much as 9.1% to 340 pence
** Alamadiyaf al-Masiyyah, a member of the Cafani Group, says it does not intend to make an offer for CNE, without specifying any reasons
** CNE board on July 2 said it would unanimously recommend Genel Energy's GENL.L deal, which agreed to pay $4.74 per Capricorn share in cash, special dividend
** YTD, CNE up about 83%
(Reporting by Megha Anilkumar Nair in Bengaluru)