UK's Serica Energy rises after $232 mln deal to buy BP’s North Sea assets

Serica Energy

13/10/2025 08:33

** Shares of Serica Energy SQZ.L up 5.4% at 189.2p

** Co to acquire BP’s BP.L stake in UK North Sea licenses P111 and P2544 for $232 mln

** Deal expected to boost Serica’s output and cash flow

** YTD, including session’s gains, stock up about 39.20%

 (Reporting by Judes Joseph in Bengaluru)

 ((judes.joseph@thomsonreuters.com;))