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Dana, $1.1bn Centurion deal
- United Arab Emirates: Sunday, November 12 - 2006 at 16:36
Dana Gas has entered into an agreement with Canada's Centurion Energy International to acquire all of Centurion's outstanding common shares in a deal worth around $1.1bn. Centurion is engaged in oil and gas exploration and production with properties in Egypt, Tunisia and offshore West Africa. The deal, which is subject to approval by Centurion's shareholders, fits Dana's strategy of acquiring exploration and production operations in the Mena region.
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Jonathan Sheikh-Miller, Deputy EditorSunday, November 12 - 2006 at 16:36 UAE local time (GMT+4)
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This article was updated on Tue Dec 12 2006.
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