Egypt M&A | SDX Energy finalising West Gharib sale and is close to Egypt exit

January 15, 2024

On 9 January 2024, SDX Energy announced that it had agreed with an unnamed buyer the terms of an execution version of the sale and purchase agreement for its 50% interest in the West Gharib Concession in Egypt. The deal consideration is US$6.9 million, of which US$3.8 million will be paid immediately with the remaining US$3.1 million to be paid after the closing of the deal.