Ithaca Energy PLC (GB:ITH) has released an update.
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Ithaca Energy PLC has published a prospectus and shareholder circular regarding its upcoming combination with Eni S.p.A.’s UK upstream oil and gas assets, marking a significant step towards forming a leading growth-oriented player in the UK North Sea. The merger, subject to shareholder approval at a general meeting, promises to position Ithaca Energy as a potential top UK producer by the early 2030s with a robust portfolio and strategic growth prospects. The company has already secured substantial shareholder support for the transaction, which is anticipated to conclude in the fourth quarter.
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