UK's Serica Energy falls after company agrees to buy Pharos Energy in $194 million deal
27/07/2026 08:26
BUZZ-UK's Serica Energy falls after company agrees to buy Pharos Energy in $194 million deal ** Shares of Serica Energy SQZ.L fall 2.4% to 251p
** Company agrees to buy fellow oil and gas producer Pharos Energy PHARP.L for £145.70 million ($194.44 million)
** Pharos' shares rise 31.5% to 32.6p
** Pharos shareholders receive 32.67p/share in cash, including a special dividend
** Including session's move, SQZ is up ~41% , PHARP is up ~42% YTD
($1 = 0.7493 pounds)
(Reporting by Krisha Bhatt in Bengaluru)