Possible offerEnergy7 August 2026

DNO ASA to acquire Genel Energy plc

Verified deal facts, source-backed narrative, and the Exit Mode founder lens for SME readers preparing to sell.

Deal facts

Buyer
DNO ASA
Target
Genel Energy plc
Deal value
GBP 202,000,000
Announced
7 August 2026
Status
Possible offer
Sector
Energy
Country
United Kingdom
Consideration
cash, shares
What we know

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Deal timeline

2 updates
  1. Court sanction

    No Intention to Make an Offer for Genel Energy plc

    FOR IMMEDIATE RELEASE   4 September 2026 No intention to make an offer for Genel Energy plc ("Genel") Further to the announcement issued by DNO ASA (" DNO ") on 7 August 2026 regarding a possible offer by DNO Iraq AS, a wholly owned subsidiary of DNO, to acquire the entire issued and to be issued share capital of Genel, DNO confirms that it does not intend to make an offer to acquire G

    LSE RNS
  2. Possible offer

    Statement regarding offer for Genel Energy plc

    FOR IMMEDIATE RELEASE   7 August 2026 Statement regarding possible offer for Genel Energy plc ("Genel") DNO ASA (" DNO "), the Norwegian oil and gas operator, announces that on 28 July 2026 it approached the Genel Board with a possible cash offer (the " Indicative Cash Offer "), with a cash and share alternative (the " Alternative Offer "), by DNO Iraq AS, a wholly owned subsidiary of

    LSE RNS

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Buyer history

DNO ASA

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Methodology

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