(News Bulletin 247) – Maurel & Prom announced on Friday that the shareholders of Wentworth Resources had approved yesterday, during a general meeting, the proposed takeover by the French oil group.

This green light comes as Wentworth had informed the market two weeks ago of the desire of the American pension fund Fidelity International, which holds 11.9% of its capital, to oppose the project.

The finalization of the acquisition of Wentworth now remains subject to the approval of the Tanzanian authorities, a file about which Maurel & Prom intends to communicate ‘when the time comes’.

Maurel & Prom announced at the end of 2022 that it had reached an agreement concerning the acquisition of the entire capital of the British company on the basis of an enterprise value of 61.7 million pounds sterling.

As a reminder, Maurel & Prom is the operator of the only asset in which Wentworth currently holds a stake, namely its 31.9% in the Mnazi Bay gas field in Tanzania.

On the Paris Stock Exchange, the Maurel share rose by 1.3% on Friday on the Paris Stock Exchange.

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