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شبكة قدس الإخبارية
Israeli firm seeks Egyptian assets
A subsidiary energy company affiliated with the occupation has increased its takeover bid for Pharos Energy to $196 million, surpassing the competing offer made by Serica Energy. The new offer values Pharos Energy's shares at 32.8 pence each, with a cash offer of 28.8 pence per share and special dividends of four pence, reflecting a premium of 29.2% over the share price before the announcement of the bid. Companies are vying to acquire the company listed on the London Stock Exchange due to its oil and gas assets, with Serica confirming that it will continue to evaluate expansion opportunities in the North Sea and other regions, and that the occupation company's experience in obtaining regulatory approvals gives it an advantage in completing the deal.
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