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Kistos announces €52.5m equity raise for acquisition of Tulip Oil Netherlands | 20 April 2021

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. ....

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Kistos agrees to acquire Tulip Oil Netherlands B.V.; shares temporarily suspended from trading | 12 March 2021

Kistos agrees to acquire Tulip Oil Netherlands B.V.; shares temporarily suspended from trading ....

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