EnergyReader · 2026-08-08 02:27

DNO Presses Genel Takeover After Board Rebuffs £202 Million Offer

By EnergyReader Newsroom · August 8, 2026

DNO ASA disclosed on Thursday (2026-08-06) that Genel Energy's board had rejected an acquisition proposal valuing the London-listed company at approximately £202 million — a 38% premium to Genel's closing price on August 6, 2026 (2026-08-06), the last business day before the approach became public. DNO said it remains willing to pursue negotiations and described the offer as representing compelling value for Genel shareholders.

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