• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Technology & Startups

UK’s Energean terminates Carlyle deal

March 21, 2025
in Technology & Startups
Reading Time: 2 mins read
A A
0
6
SHARES
14
VIEWS
Share on FacebookShare on Twitter


(Reuters) -UK-based gas producer Energean said on Friday it was terminating its deal with private equity fund Carlyle for some of the gas producer’s assets due to pending regulatory approvals in Italy and Egypt.

In June 2024, the two companies struck a $945 million deal that would allow Carlyle to establish a new Mediterranean-focused oil and gas company, led by former BP CEO Tony Hayward, by utilizing Energean’s assets in Egypt, Italy, and Croatia.

“While I am disappointed that Carlyle was unable to obtain the necessary approvals in Italy and Egypt, I want to reaffirm that this outcome does not change our strategic direction or our commitment to growth and shareholder returns,” CEO Mathios Rigas said in a statement.

The company said that the two parties were unable to agree on an extension of the longstop date beyond March 20.

Earlier this week, the Eastern Mediterranean-focused firm had said that its current dividend policy will stand irrespective of the deal’s outcome.

Energean, with operations in eight countries across the Mediterranean and the UK North Sea, in its most recent results reported a rise in annual profit after tax, but flagged asset impairment charge of $241 million relating to some assets in Egypt, Morocco and Greece.

In a post-earnings call on Thursday, Rigas said that the company never put its assets for sale and is not looking for another buyer.

(Reporting by Anandita Mehrotra and Arunima Kumar in Bengaluru; Editing by Eileen Soreng and Mrigank Dhaniwala)

Tags: CarlyleegyptEnergeanoil and gas companyprivate equity fundregulatory approvalsTony Hayward
Previous Post

Trump denies Musk to be briefed on secret China war plan

Next Post

Old Pakistan militant footage misrepresented as recent rail attack

Related Posts

Analysis-Japan poised to sweeten offshore wind rules as players get cold feet

May 26, 2025
4

OpenAI to open office in Seoul amid growing demand for ChatGPT

May 26, 2025
5
Next Post
Yahoo news home

Old Pakistan militant footage misrepresented as recent rail attack

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
ET logo

Britney Spears: Sean Diddy Combs trial: Britney Spears’ connection revealed before disastrous MTV performance todayheadline

May 26, 2025
Study provides a window into public perceptions about technological treatment options for brain conditions

Study provides a window into public perceptions about technological treatment options for brain conditions

May 26, 2025
Lumbee Tribe of North Carolina Chairman John L. Lowery in front of the Lumbee Tribe Cultural Center in September 2023.

Trump’s push for Lumbee recognition causes concern among other Native tribes

May 26, 2025
Call for freeze on Syrian asylum claims to end as thousands still in limbo

Call for freeze on Syrian asylum claims to end as thousands still in limbo

May 26, 2025

Recent News

ET logo

Britney Spears: Sean Diddy Combs trial: Britney Spears’ connection revealed before disastrous MTV performance todayheadline

May 26, 2025
3
Study provides a window into public perceptions about technological treatment options for brain conditions

Study provides a window into public perceptions about technological treatment options for brain conditions

May 26, 2025
4
Lumbee Tribe of North Carolina Chairman John L. Lowery in front of the Lumbee Tribe Cultural Center in September 2023.

Trump’s push for Lumbee recognition causes concern among other Native tribes

May 26, 2025
6
Call for freeze on Syrian asylum claims to end as thousands still in limbo

Call for freeze on Syrian asylum claims to end as thousands still in limbo

May 26, 2025
3

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

ET logo

Britney Spears: Sean Diddy Combs trial: Britney Spears’ connection revealed before disastrous MTV performance todayheadline

May 26, 2025
Study provides a window into public perceptions about technological treatment options for brain conditions

Study provides a window into public perceptions about technological treatment options for brain conditions

May 26, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co