Tri Ri Asset Management ("TRAM") announced an investment of up to US$187mm into San Leon (SLE), the proceeds of which will in turn fund Energy Link Infrastructure ("ELI"), making SLE the majority ~55% shareholder in ELI, fulfilling its long-held strategy. We see a low completion risk with this much simpler transaction. It is one of the largest fundraisings by an AIM E&P company in recent years, aligning SLE with a long-term focused strategic funding partner through an investment arrangement, whi ....
23 Oct 2023
San Leon Energy: Investment of up to US$187mm allows San Leon to take control of key pipeline infrastructure
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San Leon Energy: Investment of up to US$187mm allows San Leon to take control of key pipeline infrastructure
San Leon Energy Plc (SLE:LON) | 16.5 0 0.0% | Mkt Cap: 74.2m
- Published:
23 Oct 2023 -
Author:
Anish Kapadia -
Pages:
19
Tri Ri Asset Management ("TRAM") announced an investment of up to US$187mm into San Leon (SLE), the proceeds of which will in turn fund Energy Link Infrastructure ("ELI"), making SLE the majority ~55% shareholder in ELI, fulfilling its long-held strategy. We see a low completion risk with this much simpler transaction. It is one of the largest fundraisings by an AIM E&P company in recent years, aligning SLE with a long-term focused strategic funding partner through an investment arrangement, whi ....