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Capricorn Energy extends Saudi takeover deadline to May 6

Capricorn Energy extended the deadline for a Saudi takeover bid to May 6. The unit of Cafani Group now has another month to make a formal offer for the firm.

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The oil producer CAPRICORN ENERGY PLC announced on Wednesday that the deadline for a formal takeover offer has been extended. The potential acquisition bid is being considered by Alamadiyaf al-Masiyyah, an investment vehicle affiliated with the Cafani Group. Based in the United Kingdom, Capricorn Energy stated that the new deadline for the offer is May 6, 2026. This represents an extension of approximately one month from the previous timeline. The investment vehicle, which is linked to the Cafani Group from Saudi Arabia, is now required to clarify its intentions by the new date.
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