The acquired companies hold a diversified portfolio of natural gas assets, including interests in concessions and projects developed in partnership with S.N.G.N. Romgaz S.A., and operate both as operators and holders of petroleum agreements and as producers and suppliers of electricity through gas-to-power (G2P) solutions.
The company has not disclosed the price of the deal or the financial data of the acquired firms, whose results will be included in the group’s consolidated financial statements.
Raffles Energy S.R.L. and Zenith Resources S.R.L. will continue to operate as stand-alone entities, and the transaction has no impact on existing employees.
(English version by Catalina Apostoiu)