Kistos (LON:KIST – Get Rating) had its price target reduced by stock analysts at Berenberg Bank from GBX 730 ($9.15) to GBX 490 ($6.14) in a note issued to investors on Friday, LSE.Co.UK reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 24.41% from […]
Berenberg Bank reiterated their buy rating on shares of Kistos (LON:KIST – Get Rating) in a research note released on Tuesday, MarketBeat reports. The brokerage currently has a GBX 500 ($6.51) target price on the stock. Shares of KIST opened at GBX 421 ($5.48) on Tuesday. Kistos has a 52-week low of GBX 155 ($2.02) […]
20 April 2021 | 13:20pm
StockMarketWire.com - Energy investor Kistos has announced an equity financing to raise up to €52.5 million at 155p per share to help fund the acquisition of Tulip Oil Netherlands BV for €222.75 million.
The acquisition from Tulip Oil Holding BV was previously announced on 21 March 2021, with €60 million paid in cash and the issue to Tulip Oil Holding BV of shares representing a monetary value of €15.75 million.
As part of the acquisition, Tulip Oil Netherlands will issue €60 million of bonds to Tulip Oil Holdings, while the rest of the deal will be paid through the refinancing of existing bonds to the value of €87 million.