I3 Energy to be acquired by Gran Tierra Energy for £457.7m ($552.7m) in a cash and share deal, forming a major exploration and production entity.

I3 Energy, a UK-listed oil and gas company, is poised to be acquired by Gran Tierra Energy for £457.7 million ($552.7 million) in a cash and share deal. CEO Majid Shafiq highlighted that this merger aims to create a significant exploration and production entity with top-tier assets. The transaction is pending shareholder approval, with meetings scheduled for October 7, 2024, and expected completion by Q4 2024, contingent on certain conditions.

September 16, 2024
6 Articles

Further Reading