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By Aidą Kadyrzhanova in Prague Oil and gas company Energean has finalised a major deal to sell its assets in Egypt, Italy and Croatia to Carlyle International Energy Partners for up to €883mn, the company announced on June 20. The transaction marks a threefold return on investment for Energean, which snapped up the portfolio for a mere €265mn in 2020. With €766mn firmly secured, the deal is set to conclude by the end of 2024, subject to regulatory nods and antitrust clearances. Energean’s decision to offload these assets is part of a strategy to put its focus on core gas development projects. …

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