Cairn returns USD250 million to shareholders following sale of Senegal assets
Cairn returns USD250 million to shareholders following sale of Senegal assets 17 Dec 2020 Cairn has announced that all Government and third-party approvals required under the Sale and Purchase Agreement in relation to the sale of all of its interests in Senegal to Woodside have been received and completion is expected to take place prior to the end of the year. Under the terms of the agreement, cash received by Cairn at completion is expected to be approx. US$525 million, comprising the US$300m acquisition consideration and a US$225 million reimbursement of expenditure incurred on the sale ...
Source: energy-pedia.com