Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
DNO places GBP 444m bid on UK-based Faroe Petroleum
November 26, 2018

The Norwegian-based oil company DNO has placed a bid to acquire all outstanding shares in Faroe Petroleum. DNO already owns 28.22 % of the share capital in Faroe Petroleum. The offer value is approx. GBP 444m which values Faroe Petroleum at approx. GBP 608m. Faroe Petroleum reported a turnover of GBP 141m and EBITDA of GBP 76m the LTM, corresponding to an EV/EBITDA multiple of 8.04x.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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