Brief: Savannah Energy Terminates Deal To Acquire Petronas South Sudan Assets

Savannah Energy

07/08/2024 15:31

Aug 7 (Reuters) - Savannah Energy PLC  SAVES.L :
    * SOUTH SUDAN ACQUISITION UPDATE
    * TERMINATES AGREEMENT TO ACQUIRE PETRONAS ASSETS
    * NOT BEEN POSSIBLE TO COMPLETE PROPOSED TRANSACTION WITH
PETRONAS
INTERNATIONAL CORPORATION LIMITED ON ENVISIONED TERMS
    * ORIGINAL SALE AND PURCHASE AGREEMENT IS TERMINATED
    * IN ACTIVE DISCUSSIONS WITH RELEVANT PARTIES ON ALTERNATIVE
POTENTIAL DELAS IN RELATION TO ACQUISITION OF PETRONAS ASSETS

Source text for Eikon:  ID:nRSG6060Za 
Further company coverage:  SAVES.L 

 ((Reuters.Briefs@thomsonreuters.com;))