Serinus Energy in $6.6 million takeover by Xtellus Capital Partners

Published 24/03/2025, 14:00
© Reuters.

Investing.com -- Serinus Energy, a London-listed oil and gas company, has seen a surge in its share price following the announcement of a $6.6 million takeover agreement with New York-based investment bank Xtellus Capital Partners (WA:CPAP).

The company’s shares increased by 23%, reaching 3.20 pence in early afternoon trading in Europe.

Serinus Energy, which primarily operates in Tunisia and Romania, revealed on Monday that shareholders who accept the offer will receive 3.40 pence in cash for each share they hold.

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