Energian expects to end the proposal to sell its wallet in Egypt, Italy and Croatia to Carlia
Energy BLCO;"Ltr"> Eergf & rdquo; a Greek hydrocarbon exploration and production company, today, Monday, ending the proposed sale of its wallet in Egypt, Italy and Croatia to an entity controlled by & quot; Carlel International Energy Partners & quot; Not to fulfill some conditions by the long stop date."RTL"> & nbsp;
mentioned the website & quot;"Ltr"> RTTNews & quot; The American, according to the conditions of the binding sale and purchase agreement signed on June 19 and as it was announced last August, the completion of the deal is conditional on obtaining the usual regulatory approvals in Italy and Egypt, as well as the anti -monopoly approvals in Italy, Egypt and the common market for east and southern Africa."RTL"> The deal is subject to the fulfillment of the conditions by the date of March 20, or any other date agreed upon by Energian and Carliel."RTL"> The company also indicated that Carlyle has not yet obtained some organizational approvals in Italy and Egypt, stressing that it does not guarantee the fulfillment of these conditions by March 20 or before, according to the conditions. Dir ="RTL"> In addition, the company was unable to reach an agreement with Carlyle to extend the long stop date until after March 20."RTL"> , accordingly, Energian indicated that there is a great danger that the previous existing conditions are not fulfilled or waived by the long -related date of the link, and therefore, the deal may be terminated in accordance with the provisions of the sale agreement And buy."RTL"> and a later advertisement will be released in a timely manner, as necessary."RTL"> Energian also stated that it continues to focus on achieving the motives of its main business, which is to distribute reliable profits, reduce debt, growth, and commit to achieving net emissions Safri."RTL"> and in turn, CEO of Energyan & quot; Matthews Regas & quot;: & quot; although Carlal has not yet obtained the necessary organizational approvals, we are still committed to completing the deal. These are high -quality and varied assets with great growth capabilities, and in the event that the deal is not completed, we will provide all strategic options, with a focus, as usual, to achieve the best interests of our shareholders, taking into account the need for diversification, expanding business scope, increasing profits, And growth.
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