Skip to main content

Green Energy Group (Seabird Exploration Plc): Update on strategic review

Written by Customer Service on . Posted in Public Companies.

In reference to the 26 January press release stating that Green Energy Group (SBX Plc, or “the Company”) had initiated a strategic review, and the 28 April release stating that the Company had entered into a LOI with exclusivity for a potential buyer of the seismic business to conduct a due diligence over a certain period, the Company today updates on the following:

  • An agreement with the potential buyer, with economic considerations in line with previous guidance to the market, has been reached.
  • Due to events outside of both parties control the negotiated deal has been put on hold. It is currently unclear to the Company whether the deal will go through or not.
  • The period of exclusivity has lapsed and the Company has restarted negotiations also with other suitors.
  • There can be no assurance that the ongoing process will materialize in a transaction. The Company will update on any significant developments.

Contacts: Ståle Rodahl ,Executive Chairman, ph:+47 4840 0593

 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.