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Tag Archives | Capricorn Energy

Genel Energy Rejects DNO Takeover Approach

By on 7th August 2026 in Iraq Oil & Gas News

By John Lee. Genel Energy has unanimously rejected an unsolicited takeover proposal from Norway's DNO ASA, saying the offer fundamentally undervalues the company. DNO proposed to acquire all of Genel's issued ordinary share capital at 69 pence per share in cash. The board of Genel, having evaluated the proposal with its advisers, rejected the approach […]

DNO Makes Possible $271m Offer for Genel Energy

By on 7th August 2026 in Investment, Iraq Oil & Gas News

By John Lee. A possible cash offer for Genel Energy plc has been put forward by Norwegian oil and gas operator DNO ASA, valuing the company at approximately £202 million [approx $271 million]. The approach was rejected by the Genel Board on 4 August 2026, but DNO says it remains willing to engage. Under the […]