London and Tel-Aviv listed Greek firm Energean has terminated a deal to sell its Egypt, Italy and Croatia assets to Carlyle after the UK-based equity firm failed to meet the 20 March deadline to obtain all regulatory approvals.
Energean announced on 21 March that it has “terminated the SPA and will no longer proceed with the Transaction.” The deal which was estimated to cost up to $945mn, was announced in June last year (MEES, 21 June 2024). (CONTINUED - 253 WORDS)