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Emirates National Oil Company (ENOC) $2.6 billion acquisition of Dragon Oil

1/10/2015
Public acquisition
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$ 2.6 billion

Completed

1/10/2015

Overview:

  • Emirates National Oil Company (ENOC) has acquired the remaining shares in Dragon Oil for $2.6 billion.
  • ENOC already holds a 54% stake and the deal saw it pay 750p a share for the remaining stake.
  • Dragon Oil has assets in Turkmenistan, Algeria, Iraq and the Philippines. It is headquartered in Dubai but listed on the Irish Stock Exchange.

Sam Duke - Editor

Jurisdictions:

Ireland
United Arab Emirates

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Oil and gas

Firms:
Allen & Overy

Party: Dragon Oil (Target)

Lawyers: Dominic Morris, Jeff Hendrickson

Arthur Cox

Party: Emirates National Oil Company (ENOC) (Acquirer)

Lawyer: Maura McLaughlin

Freshfields Bruckhaus Deringer

Party: Emirates National Oil Company (ENOC) (Acquirer)

Lawyer: Michael Hilton

Mason Hayes & Curran

Party: Dragon Oil (Target)

Lawyers: Justin McKenna, Paul Egan SC

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