Serica’s management sees “industrial logic in combining the portfolios of the two companies”, Kistos says
Is there logic in Kistos-Serica?
Both sides appear potentially interested in a union on their terms. But not all analysts are convinced
UK-listed Kistos Energy has unveiled a 382p/share offer for its larger peer Serica Energy and revealed that, having initially rejected Kistos’ offer, the latter instead made an offer for the former, which was also spurned. Serica’s management sees “industrial logic in combining the portfolios of the two companies”, according to Kistos. But not everyone is convinced. “There is a clear industrial logic to a combination of the two businesses,” says Daniel Slater, oil and gas research director at brokerage Arden Partners. “There should be an element of synergies—although admittedly most costs will still be field-level. But it would also create another listed UK E&P of significant scale, with
Also in this section
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
7 May 2025
From China blocking US LNG to Trump demanding that various countries import more of the fuel, the politicisation of LNG is on the rise
6 May 2025
Sino-US trade tensions could see crude consumption crumble despite recent buying behaviour
