March 21, 2025 [Reuters]- UK-based gas producer Energean said on Friday it was terminating a deal with private equity fund Carlyle for the sale of some of its assets due to delays in obtaining regulatory approvals in Italy and Egypt.
The two companies struck a $945 million deal in June last year that would allow Carlyle to establish a new Mediterranean-focused oil and gas company, led by former BP CEO Tony Hayward, and utilise Energean’s assets in Egypt, Italy, and Croatia.
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