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Imho document will have already been created and if the large operator wasnt going to buy we would have been told by now.
Egypt has his issues, dollar issue, on the israeli border and they had elections in dec.
I believe it will happen in jan.
Tax loss selling season is officially over from across the atlantic so i doubt the large holders will be selling to cover their losses.
Onwards and upwards now.
Littlened
The deal price was more or less agreed hence they were saying the deal will be significantly higher than 75% of mkt cap.
Interesting HBR have purchased Wintershall Dea Assets with assets all over the world. They too have assets in egypt and in disouq. They partner with BP too. Interested to know who has planned to purchase assets sdx has stated its a Large operator.
https://wintershalldea.com/en/where-we-are/egypt
"The transaction is expected to complete by the end of Q4 2023;"
The Heads of Term was agreed on Aug 31st, i wonder why they agreed to close deal by end of q4? Maybe they hoped egyptian dollar issue may have been sorted by then..
Anyway looks like it will close in jan now. 4 trading days left now this year. Citic also plan to agree to a larger offtake for gas too.
SmellyBen
They had multiple offers back in summer, if the "large operator" was pulling the plug we would know by now and the asset would be offered to someone else.
Sdx will divest from egypt, it will be beneficial for aomeone who already has assets in egypt. The buyer will get massive discount buying the asset from sdx.
We can only go by sdx recent rns on 27th nov where they stated
"The Board remains confident that it is on track for the Egyptian sale as per the Company's earlier guidance and further announcements will be made once definitive legal documentation has been signed to effect the sale."
Next week... fingers crossed