Managem SA to acquire Sound Energy Meridja Limited

Managem SA has agreed to acquire Sound Energy Meridja Limited in an asset sale valued at 57 million USD. The transaction involves a mixed consideration structure comprising cash and loan notes. This deal represents a cross-border acquisition where a buyer from Morocco purchases assets from a target based in the United Kingdom. The energy sector company is the subject of this firm intention agreement announced on 26 May 2026.

The transaction remains pending completion as no final date has been confirmed. Regulatory approvals and other standard conditions must be satisfied before the deal can close. The parties have not yet disclosed the specific breakdown of the consideration or the exact timing of the transfer. This agreement marks a significant step for the energy assets involved in the current market environment. The status remains at firm intention while final due diligence and regulatory processes continue.