Energean to raise $500m

摘要

Energean plans to raise $499.5m with an initial public offering (IPO) on the London Stock Exchange - and will use the finds to capitalise on increasing demand from the Eastern Mediterranean. The operator will use $395m of the funds raised to develop its Karish and Tanin gas fields offshore Israel, while $10m would repay a bridge investment made by the company's founders. The remaining $95m would be spent on fees, capital expenditure and other costs.