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$CNE.L

7 stories mentioning CNE.LUpdated 9d ago

Every FINWIRES story that references CNE.L, newest first.

Equities

Blue Concept Faces Final Deadline on Deltic Energy Takeover Offer

The UK's Takeover Panel ruled that Norwegian company Blue Concept has until June 17 to either make a firm offer for natural resources investor Deltic Energy (DELT.L) or walk away, according to a Tuesday filing.In April, three companies, Capricorn Energy (CNE.L), Mohammed Al Barwani LLC unit Petrogas International E&P Coöperatief, and Blue Concept, separately approached Deltic Energy regarding possible cash takeover offers.However, Deltic Energy agreed to be acquired by UK-based upstream oil and gas business NEO NEXT+ Energy. Capricorn Energy and Petrogas have already withdrawn their plans.

$CNE.L$DELT.L
Equities

Capricorn Energy's Potential Bidder Secures Extension in Firm Offer Deadline

Capricorn Energy (CNE.L) said that Cafani Group's Alamadiyaf al-Masiyyah for Trading secured a further extension of the put-up-or-shut-up deadline for its planned acquisition of the energy production company.The deadline to make a firm takeover offer was extended to July 1 from Wednesday after securing the UK Panel on Takeovers and Mergers' consent, according to a same-day filing. Capricorn Energy, however, cautioned that there was no guarantee that a deal would be made.

$CNE.L
Equities

Capricorn Energy Wins Approval to Consolidate Eight Egyptian Concession Agreements

Capricorn Energy (CNE.L) secured approval to consolidate eight of its existing Egyptian Western Desert concession agreements, where it holds a 50% participating interest with operator Cheiron Oil and Gas.Following approval from Egypt's Minister of Petroleum and Mineral Resources, the consolidated and amended concession agreement, which has taken effect, extends the concession life by up to 20 years, with a 10-year development term and two optional five-year extensions, according to a Tuesday filing. The agreement also updates the financial terms and merges existing concessions.The new concession agreement was announced in May 2025.

$CNE.L
Equities

Capricorn Energy Abandons Deltic Takeover Plans

Capricorn Energy (CNE.L) said Tuesday that it does not plan to make an offer for natural resources investment company Deltic Energy (DELT.L)The energy production company added that it retains the right to waive the restrictions under UK regulations in case of an agreement with Deltic Energy's board, if a third party announces a firm intention to make an offer, a reverse takeover by the company, or any material change of circumstances.

$CNE.L$DELT.L
Equities

Capricorn Energy Further Extends Firm Offer Deadline for Alamadiyaf al-Masiyyah's Takeover Bid

Capricorn Energy (CNE.L) said Wednesday that Cafani Group's Alamadiyaf al-Masiyyah for Trading secured an extension for its put-up-or-shut-up deadline for its acquisition proposal for the company.The deadline to make a firm takeover offer was extended to June 3 from Wednesday after securing the UK Panel on Takeovers and Mergers' consent. The energy production company, however, cautioned that there is no guarantee that a deal will be made and advised its shareholders to take no action at this time.

$CNE.L
Equities

Capricorn Energy Settles $30 Million Junior Debt Facility

Capricorn Energy (CNE.L) said Tuesday that it repaid its entire $30 million junior debt facility two years ahead of the due date.The loan settlement follows the energy production company's receipt of $81 million in collections from state-owned oil company Egyptian General Petroleum Corp.

$CNE.L
Equities

Capricorn Energy Confirms Talks on Potential Takeover Offer for Deltic Energy

Capricorn Energy (CNE.L) confirmed on Wednesday ongoing discussions regarding a potential takeover proposal for Deltic Energy (DELT.L).The energy production company cautioned that there is no guarantee that it will finalize an offer for the natural resources investment company. It, however, assured that additional updates will be provided when necessary.

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