Genel Energy to expand into Egypt via $360mln Capricorn Energy acquisition deal

Genel Energy, a London-based oil and gas exploration and production company, will expand in the Egyptian market through acquiring Capricorn Energy in a $360 million all-cash deal, according to a press release.

The boards of Genel, Bidco and Capricorn have reached an agreement on the terms of a recommended cash acquisition of the entire issued…