BUZZ-UK's Energean rises after scrapping deal with Carlyle

Reuters

2025/03/21

** UK-based gas producer Energean ENOG.L rises 4.2% to 877p

** ENOG says it is terminating a deal with private equity fund Carlyle CG.O for the sale of some of its assets due to delays in obtaining regulatory approvals in Italy and Egypt

** Adds that the two parties were unable to agree on an extension of the long-stop date beyond March 20 to meet the conditions of the agreement

** CEO says co had not initiated the deal for the sale of its assets and is not looking for another buyer

** ENOG sheds ~16% YTD

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

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