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Investing.com -- Sintana Energy Inc. has reached an agreement to acquire Challenger Energy Group PLC in an all-share transaction, the company announced Thursday.
Under the terms of the deal, Sintana will acquire all of the issued and to be issued ordinary share capital of Challenger Energy Group.
The acquisition remains subject to customary regulatory and stock exchange approvals, as well as approval from Challenger shareholders. The transaction is expected to close by the end of the fourth quarter of 2025.
For the acquisition, Sintana has appointed Cavendish Capital Markets Limited and Pareto Securities AS as joint financial advisors. Zeus Capital Limited will serve as the nominated advisor regarding the admission.
No financial details of the transaction were disclosed in the announcement.
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