EnQuest plc to acquire Serica Energy plc

EnQuest plc has agreed to acquire Serica Energy plc in a transaction announced on 2 May 2025. The deal structure involves a corporate acquisition where the buyer intends to purchase the target company, though the specific consideration type and total deal value were not disclosed to the public. No details regarding the target's country of operation or specific sector classification were reported in the available information.

The transaction has subsequently been abandoned, indicating that the proposed acquisition did not proceed to completion. As the deal was never finalised, no regulatory approvals were sought or granted, and the companies remain separate entities. The status of the agreement remains closed without any further steps being taken to revive the proposal.