SDX Energy's London shares surge on Egyptian assets sale offers
12/06/2023 08:48
** London-listed shares of North Africa-focused gas producer
SDX Energy SDX.L jump 9.8% to over one-month high of 6.15
pence
** Co says it has received multiple offers in regard to the
sale of its Egyptian assets which it is evaluating
** SDX, in its April annual report had said that Egypt
remained a difficult environment, with "currency fluctuations
and receivables positions posing challenges that have hampered
growth"
** "Unsurprised to see today's news given SDX's recent
statements describing Morocco as a country of core focus" -
Shore Capital
** Stock down ~34% YTD
(Reporting by Eva Mathews in Bengaluru)
((Eva.mathews@thomsonreuters.com))