Ratio Petroleum Energy LP has agreed to acquire Pharos Energy plc in an all-cash deal valued at £124.3 million, or $164 million. The transaction expands the Israel-based company's footprint with production assets in Egypt and Vietnam. The announcement is modestly positive for Ratio Petroleum and signals continued deal activity in the energy sector.
Ratio Petroleum Energy LP has agreed to acquire Pharos Energy plc in an all-cash deal valued at £124.3 million, or $164 million. The transaction expands the Israel-based company's footprint with production assets in Egypt and Vietnam. The announcement is modestly positive for Ratio Petroleum and signals continued deal activity in the energy sector.
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mildly positive
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