EnergyReader · 2026-08-07 08:38

DNO Takes Hostile Run at Kurdistan Partner Genel Amid Capricorn Battle

By EnergyReader Newsroom · August 7, 2026

Oslo-listed DNO went hostile on its Kurdistan licence partner Genel Energy on Friday (2026-08-07), pressing ahead with a £202 million takeover offer that Genel's board had already rejected. The move comes while Genel is in the middle of its own acquisition, the purchase of Edinburgh-based Capricorn Energy, which Genel wrested from a Saudi-based rival five weeks earlier.

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