Norway M&A | PGNiG acquires KUFPEC’s Norway assets

November 21, 2023

On 20 November 2023, PGNiG acquired KUFPEC’s Norway portfolio for US$445 million. The sales process had been ongoing for an extended period with KUFPEC receiving several bids. The process was mooted to fetch around US$300 million and the deal represents a premium on expectations.