![]() The acquired assets are complementary to Vår Energi's current portfolio and highly cash generative with low production cost and limited near-term investments. It is in line with the plan for growth and value creation, path to ESG leadership and attractive distributions presented at the 2023 Capital Markets Update. The Transaction will add scale, diversification and further longevity to Vår Energi's portfolio. Completion of both transactions is inter-conditional. In conjunction with the Transaction, Eni S.p.A ("Eni") has agreed to acquire the remaining assets of Neptune group outside of Norway and Germany in a separate transaction. ![]() ![]() Vår Energi ASA (OSE: VAR) ("Vår Energi" or the "Company") has entered into an agreement with Neptune Energy Group Holdings Limited to acquire 100% of the shares of Neptune Energy Norge AS ("Neptune Norway") for a cash consideration based on an agreed enterprise value of USD 2.275 billion (the "Transaction") to accelerate growth and value creation as a leading E&P independent on the Norwegian Continental Shelf (NCS). ![]()
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