Brooge Energy Advances Gulfnav Acquisition and Appoints New Auditor

Brooge Holdings (BROG) has released an update.

Brooge Energy Limited has executed a term sheet for the acquisition of its UAE-based subsidiaries by Gulfnav, with payment to include cash and shares pending regulatory approval and due diligence processes. Separately, the company has appointed Bansal & Co LLP as its new external auditor after the previous auditor’s PCAOB registration issues, with Bansal’s international experience and sector expertise expected to expedite the overdue audit process.

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