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Challenger Energy Group ( (GB:CEG) ) just unveiled an update.
Challenger Energy Group PLC has announced that Sintana Energy Inc. is set to acquire the entire issued and to be issued ordinary share capital of Challenger through a Court-sanctioned scheme of arrangement. The acquisition has received necessary approvals from ANCAP and Chevron, and is pending final approval from the TSXV. The acquisition is expected to be completed by December 16, 2025, following a rescheduled Court Sanction Hearing. Sintana plans to issue Severance Shares to certain directors and officers as part of the acquisition process.
The most recent analyst rating on (GB:CEG) stock is a Buy with a £0.50 price target. To see the full list of analyst forecasts on Challenger Energy Group stock, see the GB:CEG Stock Forecast page.
More about Challenger Energy Group
Average Trading Volume: 627,099
Technical Sentiment Signal: Buy
Current Market Cap: £31.16M
See more insights into CEG stock on TipRanks’ Stock Analysis page.