Deal facts
- Buyer
- Serica Energy plc
- Target
- Pharos Energy plc
- Deal value
- GBP 145,700,000
- Announced
- 27 July 2026
- Status
- Abandoned
- Sector
- Energy
- Country
- United Kingdom
- Consideration
- cash
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2 updates- AbandonedClosed
Termination of Serica Offer for Pharos Energy plc
FOR IMMEDIATE RELEASE 13 August 2026 Termination of Final Serica Offer for Pharos Energy plc ("Pharos") On 7 August 2026, Pharos and Ratio Petroleum Energy LP (" Ratio ") announced that they had reached agreement on the terms of a recommended increased cash acquisition by Ratio of the entire issued and to be issued share capital of Pharos (the " Increased Ratio Offer "). The board of dire
LSE RNS - Firm intention
Recommended acquisition of Pharos Energy plc
FOR IMMEDIATE RELEASE 26 July 2026 RECOMMENDED ACQUISITION of Pharos Energy plc ("Pharos") by Serica Energy plc ("Serica") to be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006 The board of directors of each of Serica and Pharos are pleased to announce that they have reached agreement on the terms of a recommended offer pursuant to which
LSE RNS
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Buyer history
Serica Energy plc
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