Savannah Energy has completed a private placing
Savannah Energy Plc has completed a US$65 million equity placing to support its subsequent acquisitions of both ExxonMobil and Petronas’ oil businesses in Chad and Cameroon for up to US$700 million. Both acquisitions individually constitute reverse takeover transactions. These transactions more than double Savannah’s upstream scale in Africa and will transform the firm into a significant West and Central African regional oil, gas and midstream player.
Savannah Energy is a leading African‑focused British independent energy company. It is incorporated in England and Wales and listed on the AIM market of the London Stock Exchange. The firm’s current operations are in Nigeria and Niger, where it is sustainably developing high‑quality and high‑growth projects.
Oaklins Cavendish’s sister firm finnCap, based in the UK, acted as joint broker to the transaction.
Talk to the deal team
Related deals
Hærup Biogas has been acquired by Gasum
Gasum has entered the Danish biogas market with its acquisition of all shares in Hærup Biogas, which owns and operates a biogas plant in the northern part of mainland Denmark.
Learn moreJeco Energies has sold a significant minority interest to NPM Capital
NPM Capital has acquired a significant minority interest in Jeco Energies. By teaming up with NPM Capital, Jeco Energies is ready for the next step in its remarkable growth trajectory and strengthening its position as the leading industrial energy solutions provider.
Learn moreCreo Medical Group plc has completed a US$15.7 million equity fundraise
Creo Medical Group plc, the provider of pioneering endoscopic healthcare solutions to clinicians and healthcare providers across the world, has completed a US$15.7 million (£12.1 million) equity fundraise.
Learn more