Harbour Energy to complete Wintershall Dea acquisition earlier than expected

27th Aug 2024 08:31

(Sharecast News) - Harbour Energy surged on Tuesday after saying that its acquisition of the Wintershall Dea asset portfolio was set to complete earlier than expected.

The deal is now expected to close early next month, versus previous guidance of early in the fourth quarter.

"This follows considerable progress made on satisfying the conditions to completion, including recent receipt of Mexico regulatory consents," the company said.

Harbour Energy announced in December 2023 that it had agreed to buy the upstream assets of German oil and gas producer Wintershall Dea from shareholders BASF and LetterOne for $11.2bn.

At 0940 BST, the shares were up 7% at 300.50p.

Top Risers

Share	Price	Change
Cleantech Lithium (CTL)	19.50	95%
Premier African Minerals (PREM)	0.0495	58.73%
Global Petroleum (GBP)	0.26	52.94%
Beacon Energy. (BCE)	0.00525	50%
Orosur Mining (OMI)	4.10	30.16%

Top Fallers

Share	Price	Change
Helix Exploration (HEX)	14.00	-36.07%
Botswana Diam (BOD)	0.175	-22.22%
Pets at home (PETS)	230.00	-16.97%
Quadrise (QED)	3.10	-15.51%
PipeHawk (PIP)	1.15	-14.81%

Top By Volume

Share	Price	Volume
Nativo Resources (NTVO)	0.0025	1,199,205,915
Premier African Minerals (PREM)	0.0495	846,621,524
Beacon Energy. (BCE)	0.00525	686,225,532
Mosman Oil Gas (MSMN)	0.037	589,627,906
Tower Resources (TRP)	0.0285	576,577,925

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.