Deal facts
- Buyer
- Serica Energy Plc
- Target
- Prax Upstream Limited
- Deal value
- GBP 14,500,000
- Announced
- 11 December 2025
- Status
- Completed
- Sector
- Energy
- Country
- United Kingdom
- Consideration
- cash
Sources
Serica Energy Plc has agreed to acquire Prax Upstream Limited in a strategic acquisition within the oil and gas sector. The transaction, announced and completed on 11 December 2025, involves a headline offer value of 14.5 million GBP. Consideration for the deal was provided entirely in cash, facilitating the transfer of ownership from the target to the buyer without the exchange of equity or other financial instruments.
The target company operates from the United Kingdom, and the deal structure reflects a direct purchase by the listed energy group. As the transaction has already been completed, the acquisition is now finalised under the terms agreed upon by both parties. The transaction is subject to regulatory approval.
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Serica Energy Plc to acquire Prax Upstream Limited
{ "headline": "Completion of acquisition of Prax Upstream Limited", "issuer": "Serica Energy (SQZ)", "announcement_date": "2025-12-11T07:00:00", "category_code": "Completion of Acquisition", "body": "Disclaimer* \n\n \n\n 11 December 2025 \n\n Serica Energy Plc. \n\n ('Serica' or 'the Company') \n\n \n\n Completion of acquisition of Prax Upstream Limited ('PUL') \n\n \n\n Serica Ener
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Buyer history
Serica Energy Plc
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