Cub buys Anatolia

摘要

Houston’s Cub Energy has agreed to acquire Canada’s Anatolia Energy in an all-share deal. Ukraine-focused explorer Cub said that it had agreed to pay around a tenth of a Cub Energy share for each share in Turkey-focused Anatolia, which is based in Calgary. The total expected outlay of around 13.9 million Cub Energy shares gives the deal a value of around US $3.2m.