Regulatory Approval and Completion Timeline
The transaction is still subject to regulatory approvals, though neither party has disclosed which authorities will oversee the process. The companies expect the share transfer to be completed by June 30, marking a significant milestone in Ithaca’s expansion into the North Sea.
With this latest acquisition, Ithaca Energy is poised to solidify its dominance in one of the world’s most valuable offshore energy markets, proving that in the race for North Sea resources, it’s a company willing to bet big.
