Brief: Vaalco Energy Buys Svenska Petroleum Exploration AB For $66.5 Mln

VAALCO Energy

29/02/2024 07:23

Feb 29 (Reuters) - VAALCO Energy Inc  EGY.N :
    * VAALCO ENERGY INC  - ACQUISITION OF SVENSKA PETROLEUM
EXPLORATION AB
    * VAALCO ENERGY INC: GROSS CONSIDERATION FOR ACQUISITION IS
$66.5
MILLION
    * VAALCO ENERGY INC: GROSS PURCHASE PRICE WILL BE PARTIALLY
FUNDED
BY A PRE-CLOSING DIVIDEND OF CASH ON SVENSKA'S BALANCE SHEET TO
SELLER
    * VAALCO ENERGY INC: VAALCO CURRENTLY ESTIMATES THAT NET
CASH DUE
AT CLOSING WILL BE IN RANGE OF APPROXIMATELY $30 TO $40 MILLION

Source text for Eikon:  ID:nRSc9360Ea 
Further company coverage:  EGY.N 

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