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Genel Energy raises Capricorn Energy cash offer to USD 5.74 per share

PUBT·09/25/2026 06:05:02
Genel Energy raises Capricorn Energy cash offer to USD 5.74 per share
  • Genel Energy raised its recommended cash offer for Capricorn Energy to an aggregate US$ 5.74 per share.
  • Consideration comprises US$ 4.75 in cash, backed by Bidco, and a planned US$ 0.99 special dividend from Capricorn.
  • The offer implies an equity value of about US$ 436 million, equivalent to about £330 million at the stated exchange rate.
  • Capricorn’s board withdrew support for DNO’s rival bid, citing higher value and greater deal certainty for the revised terms.
  • Egypt’s competition clearance has been secured; the remaining Egyptian government condition is expected to be satisfied for closing in Q4 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genel Energy plc published the original content used to generate this news brief via EQS News (Ref. ID: UK-Regulatory_2405264_en) on September 25, 2026, and is solely responsible for the information contained therein.