United Energy Group Limited: Completion of Major Transaction Acquisition of All Issued Shares in Kuwait Energy Public Limited Company by Way of a Scheme of Arrangement

Source Press Release
Company United Energy Group LimitedKuwait Energy 
Tags Corporate Deals, Deals, Upstream Activities
Date March 22, 2019

Reference is made to the announcements of United Energy Group Limited (the “Company”) dated 24 September 2018 and 21 March 2019 (the “Announcements”) and the circular dated 27 December 2018 (the “Circular”) in relation to the acquisition of all of the Target Shares by way of the Scheme. Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements and the Circular unless the context requires otherwise.

The Board is pleased to announce that the conditions to completion under the Transaction Agreement were satisfied in accordance with the Transaction Agreement and the completion of the acquisition of all of the Target Shares took place on 21 March 2019.

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