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News 2026-09-28 10:29 UTC

DNO abandons pursuit of Capricorn Energy, clears way for Genel

Capricorn announced on Friday that it had agreed to be taken over by Genel, after it trumped a previously agreed $396m (£292m) takeover by DNO.The Norwegian oil company said on Monday that it retains a "highly disciplined approach to M&A" and as a result, its offer of $5.214 per share in cash is fi…