AI Terminal
Deutsche Rohstoff AG
M&A Activity • Jun 6, 2018
4514_rns_2018-06-06_1e21ae6f-7a62-4917-b2ef-3bd19c7d5f04.html
M&A Activity
Open in ViewerOpens in native device viewer
News Details
Corporate | 6 June 2018 08:00
Deutsche Rohstoff AG: Salt Creek closes asset sale transaction
DGAP-News: Deutsche Rohstoff AG / Key word(s): Disposal
06.06.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
Deutsche Rohstoff AG: Salt Creek closes asset sale transaction
Total proceeds of USD 63.6 million/Salt Creek pre-tax profit of USD 16 million
Mannheim/Denver. Salt Creek Oil & Gas closed the sale of the majority of its assets in North Dakota. The signing of the transaction was published on 26 April. Buyer is Northern Oil and Gas. The originally announced sales proceeds of USD 59.6 million have increased approximately by USD 4 million due to a rise of Northern’s share price over the last six weeks. As part of the consideration, the buyer had agreed to pay 6 million of its shares to Salt Creek.
Mannheim, 6 June 2018
Deutsche Rohstoff identifies, develops and divests attractive resource projects in North America, Australia and Europe. The focus is on the development of oil and gas opportunities within the United States. Metals, such as gold, copper, rare earth elements, tungsten and tin complete our portfolio. For more information please visit www.rohstoff.de.
Contact:
Deutsche Rohstoff AG
Thomas Gutschlag
Tel. +49 621 490 817 0
06.06.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Deutsche Rohstoff AG |
| Q7, 24 | |
| 68161 Mannheim | |
| Germany | |
| Phone: | 0621 490 817 0 |
| Fax: | 0621 490 817 22 |
| E-mail: | [email protected] |
| Internet: | www.rohstoff.de |
| ISIN: | DE000A0XYG76, DE000A1R07G4, |
| WKN: | A0XYG7, A1R07G |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |