Delek, Eni Scoop $143.2M from Ithaca Energy Share Sale

Published

(Credit: Ithaca Energy)
(Credit: Ithaca Energy)

Israeli energy investor Delek Group and Italian oil and gas explorer Eni have raised about 106 million pounds ($143.2 million) by selling their shares in UK's Ithaca Energy, a bookrunner said on Tuesday.

The top two shareholders of Ithaca offloaded 49.6 million ordinary shares in the North Sea oil and gas producer through their UK units as part of an accelerated bookbuild at 213.75 pence per share, the bookrunner, Peel Hunt, said.

The sale amounts to roughly 3% of Ithaca's outstanding stock.

Following the transaction, Delek will hold about 50.5% of Ithaca and Eni nearly 36%, according to the statement.

($1 = 0.7402 pounds)


(Reuters - Reporting by Ankita Bora in Bengaluru; Editing by Sonia Cheema)

Current News

UK Trade Body Challenges Government View on North Sea Gas Decline

UK Trade Body Challenges Gover

Inpex Secures Environmental Approval for Indonesia’s Abadi LNG Project

Inpex Secures Environmental Ap

EEW, CS Wind Deliver First Offshore Wind Monopiles for Vattenfall’s Nordlicht I

EEW, CS Wind Deliver First Off

Shell Starts Multi-Well Drilling Campaign off Egypt with Stena Drillship

Shell Starts Multi-Well Drilli

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine