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Sound Energy Completes Divestment of Subsidiary to Mining Company in Morocco

MT Newswires·08/04/2026 03:54:49
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03:54 AM EDT, 08/04/2026 (MT Newswires) -- Sound Energy (SOU.L) completed the sale of unit Sound Energy Merijda to Moroccan mining group Managem, according to a Tuesday release. The transition energy company's subsidiary, Arran Energy, also relinquished its 27.5% interest in the Anoual oil and gas exploration permit and gave up rights in the Grand Tendrara gas exploration permit in Morocco. Cash proceeds of $57 million will be used to repay all outstanding debt.