Scana ASA Acquisition Strengthens Namibian-Norwegian Ties

Scana ASA (DE:1MP) has released an update.

Scana ASA has delayed a 10% advance payment for a potential sale to MIG Finance Namibia, with the payment expected in October. Meanwhile, MIG has announced Deutsche Bank and SANDS as advisors for its planned acquisition of Scana ASA at NOK 4.00 per share. The acquisition aims to leverage Norway’s energy expertise to bolster energy initiatives in Southern Africa, reflecting a strategy to deepen Namibian-Norwegian economic cooperation.

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