Global law firm Ashurst Perkins Coie is advising Capricorn Energy plc on its US$360 million recommended cash takeover by Genel Energy plc. Capricorn Energy shareholders will receive US$4.74 per share, comprised of US$3.75 per share in cash and US$0.99 per share by way of special dividend expected to be declared prior to completion.
Genel is a socially responsible oil producer, with a portfolio of production and exploration assets, including production assets in the Kurdistan Region of Iraq and exploration licences in Oman and Somaliland. Genel Shares are listed on the Official List and admitted to trading on the Main Market of the London Stock Exchange.
Capricorn, a Scottish public limited company, headquartered in Edinburgh, is an independent energy company which has been listed on the Main Market of the London Stock Exchange for more than 30 years. Currently, Capricorn’s core operations are in Egypt’s Western Desert, where it holds a portfolio of onshore development and production assets, with a stated strategy to explore new value-accretive opportunities, in Egypt, the UK North Sea and the broader MENA region.
The Ashurst Perkins Coie team is being led by partner Harry Thimont (London) and senior associate Maria McAlister (London). The team also includes corporate partner Julia Derrick (London) and competition partner Steven Vaz (London).
