Client NewsUnited Oil & Gas Plc: Approval for Transfer of Ownership of UOG Italia
United Oil & Gas PLC is pleased to announce that it has received approval from the Ministry of Ecological Transition (“MITE”) in Italy for the transfer of ownership of UOG Italia S.r.l. to Prospex Energy PLC (“Prospex”). The change of control was the final condition to be satisfied in the Sale and Purchase Agreement (“SPA”) with Prospex, following the prior satisfaction of the fundraising condition by Prospex on 23 February 2022.
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