Market reaction: Positive as a material amount of cash is returned to Seplat. This cash injection allows a deleveraging of the balance sheet and is likely to appease investors. However, this could come at a price with a potential value erosion of up to US$85 mm if Seplat does not recover the amount in escrow and the acquisition does not go through.
09 Jul 2015
ACCESSING 81% OF AMOUNT HELD IN ESCROW (US$453 MM)
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ACCESSING 81% OF AMOUNT HELD IN ESCROW (US$453 MM)
Seplat Energy PLC (SEPL:LON) | 160 5.3 2.1% | Mkt Cap: 939.9m
- Published:
09 Jul 2015 -
Author:
Stephane Foucaud -
Pages:
2
Market reaction: Positive as a material amount of cash is returned to Seplat. This cash injection allows a deleveraging of the balance sheet and is likely to appease investors. However, this could come at a price with a potential value erosion of up to US$85 mm if Seplat does not recover the amount in escrow and the acquisition does not go through.