Tendrara Gas Development Exit
Sector: Energy • Location: Morocco
Source: Yahoo Finance UK
Sound Energy PLC has agreed to sell its remaining 20% interest in the Tendrara gas development in Morocco to Managem, a Casablanca-listed mining group. The deal involves the sale of subsidiary Sound Energy Merijda and includes repayment of shareholder loans. The transaction will leave Sound Energy with $11 million in cash and allow it to repurchase its outstanding senior secured notes, eliminating
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Sound Energy PLC has agreed to sell its remaining 20% interest in the Tendrara gas development in Morocco to Managem, a Casablanca-listed mining group. The deal involves the sale of subsidiary Sound Energy Merijda and includes repayment of shareholder loans. The transaction will leave Sound Energy with $11 million in cash and allow it to repurchase its outstanding senior secured notes, eliminating all balance sheet debt. The sale requires shareholder and regulatory approvals and marks a full exit from its Moroccan portfolio. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |