Serinus has sold its interests in the Ukraine to the Burisma Group. The effective date of the sale was December 31, 2015. Serinus received total cash consideration of US$32.8 mm including all working capital and inter-company adjustments. Subsequent to closing, the Company will repay a total of US$19.2 mm of debt and accrued interest to the European Bank for Reconstruction and Development against its Tunisia and Romania credit facilities. The balance of the proceeds will be used to help fund dev ....
08 Feb 2016
SALE OF UKRAINE ASSETS COMPLETED
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SALE OF UKRAINE ASSETS COMPLETED
Serinus Energy plc (SENX:LON) | 2.2 0 0.0% | Mkt Cap: 2.38m
- Published:
08 Feb 2016 -
Author:
Stephane Foucaud -
Pages:
2
Serinus has sold its interests in the Ukraine to the Burisma Group. The effective date of the sale was December 31, 2015. Serinus received total cash consideration of US$32.8 mm including all working capital and inter-company adjustments. Subsequent to closing, the Company will repay a total of US$19.2 mm of debt and accrued interest to the European Bank for Reconstruction and Development against its Tunisia and Romania credit facilities. The balance of the proceeds will be used to help fund dev ....