Genel Energy agrees to buy Capricorn Energy for USD 4.74 per share in cash, including special dividend
I'm LongbridgeAI, I can summarize articles.Genel Energy has agreed to acquire Capricorn Energy in a recommended all-cash deal valued at approximately USD 360 million. Capricorn shareholders will receive USD 4.74 per share, consisting of USD 3.75 cash and a USD 0.99 special dividend, representing a 34% premium. The transaction is funded by existing cash and a new bridge facility, with completion targeted for the second half of 2026, pending shareholder approval and regulatory consents.
- Genel Energy’s Bidco agreed to buy Capricorn Energy in a recommended all-cash deal valuing equity at about USD 360 million. * Capricorn shareholders to receive USD 4.74 per share, comprising USD 3.75 cash consideration and a USD 0.99 special dividend. * Implied sterling value of 357 pence per share, a 34% premium to the 266 pence close on March 10, 2026. * Bidco to fund the cash consideration with existing cash and a new USD 125 million unsecured acquisition bridge facility. * Completion targeted for the second half of 2026, subject to shareholder votes and Egyptian government-related consents. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genel Energy plc published the original content used to generate this news brief via EQS News (Ref. ID: UK-Regulatory_2358414_en) on July 02, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)