Brief: Seacrest Petroleo Bermuda Reports Asset Level Transaction Proposal

Seacrest Petroleo Bermuda

04/09/2024 15:40

Sept 4 (Reuters) - Seacrest Petroleo Bermuda Ltd  SEAPT.OL :
    * RECEIVED ASSET LEVEL TRANSACTION PROPOSAL
    * ENTERED INTO 60-DAY LIMITED EXCLUSIVITY ARRANGEMENT TO EXPLORE TRANSACTION FURTHER
    * PROPOSAL FROM LONDON-BASED MULTI-FAMILY OFFICE TO ACQUIRE MINORITY STAKE IN CO'S
SUBSIDIARIES
    * PROPOSED DEAL WOULD GIVE INVESTOR RIGHT TO ACQUIRE FURTHER MINORITY INTEREST AT HIGHER
VALUATION
AT END-2025

Source text for Eikon:  ID:nMFN4M2Mxd 
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