Harbour Energy to complete Wintershall Dea acquisition earlier than expected
Harbour Energy
257.10p
16:40 13/09/24
-0.12%
-0.30p
Harbour Energy surged on Tuesday after saying that its acquisition of the Wintershall Dea asset portfolio was set to complete earlier than expected.
FTSE 250
20,895.37
16:44 13/09/24
n/a
n/a
FTSE 350
4,566.32
16:44 13/09/24
n/a
n/a
FTSE All-Share
4,522.48
17:00 13/09/24
n/a
n/a
Oil & Gas Producers
8,157.35
16:44 13/09/24
0.59%
47.83
The deal is now expected to close early next month, versus previous guidance of early in the fourth quarter.
"This follows considerable progress made on satisfying the conditions to completion, including recent receipt of Mexico regulatory consents," the company said.
Harbour Energy announced in December 2023 that it had agreed to buy the upstream assets of German oil and gas producer Wintershall Dea from shareholders BASF and LetterOne for $11.2bn.
At 0940 BST, the shares were up 7% at 300.50p.