BUSINESS

Energean plans London listing in March, aims to raise $500 mln

TAGS: Energy

Energean plans to list on the London Stock Exchange in March and aims to raise about $500 million (356.53 million pounds), the Greek energy company said on Monday.

Sources had told Reuters in November that the company was considering a London listing to raise cash for a $1.5 billion development of the Karish and Tanin fields off Israel’s coast.

Energean, a private exploration and production company operating in the eastern Mediterranean, bought the Karish and Tanin licences in December 2016. [Reuters]

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