Positive deal for Cairn which will pay a special dividend and look for potential acquisitions. While the intention to farm down Senegal was clear, selling the assets in such an early state is interesting for Cairn, which de-risks its portfolio substantially.
27 Jul 2020
Senegal sale gives rise to special dividend
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Senegal sale gives rise to special dividend
Capricorn Energy PLC (CNE:LON) | 169 -2.4 (-0.8%) | Mkt Cap: 155.5m
- Published:
27 Jul 2020 -
Author:
Kevin VO -
Pages:
2
Positive deal for Cairn which will pay a special dividend and look for potential acquisitions. While the intention to farm down Senegal was clear, selling the assets in such an early state is interesting for Cairn, which de-risks its portfolio substantially.