Etablissements Maurel & Prom S.A. cancelled the acquisition of Assala Energy UK Limited from The Carlyle Group Inc. (NasdaqGS:CG).
Morgan Stanley, Hannam & Partners, and Mandiri Sekuritas acted as financial advisors to M&P on the Transaction. Bertrand Montembault, Hubert Segain, Bruno Knadjian, Sergio Sorinas, Sophie Brézin, Régis Oréal, Alexandra Neri, Laurence Franc-Menget and Michael Aherne of Herbert Smith Freehills Paris LLP acted as legal advisors to M&P on the Transaction, and Bracewell LLP acted as legal advisors to M&P on the financing of the Transaction. Citi acted as financial advisor and Latham & Watkins as legal advisor to Carlyle on this transaction.
Etablissements Maurel & Prom S.A. cancelled the acquisition of Assala Energy UK Limited from The Carlyle Group Inc. (NasdaqGS:CG) on February 15, 2024. On February 15, 2024 of a share purchase agreement between Gabon Oil Company ("GOC") and Assala Energy Investments Ltd. ("Carlyle") regarding GOC's acquisition of Assala Energy Holdings Ltd and all of its subsidiaries ("Assala"). This signing has occurred in the context of GOC's sovereign right of pre-emption and supersedes the SPA signed by M&P and Carlyle on August 15, 2023.