Deals
Neptune Owners Seek Offers for $5 Billion Gas Explorer
- Company has requested takeover bids be submitted next month
- Neptune continues to weigh a range of options, including IPO
Photographer: Thor Oliversen/Neptune Energy Group Ltd.
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Neptune Energy Group Ltd.’s owners are weighing plans to sell the U.K. oil and gas explorer, according to people familiar with the matter.
Advisers to the company’s private equity backers, Carlyle Group Inc. and CVC Capital Partners, have requested takeover bids from interested parties next month, the people said, asking not to be identified discussing confidential information. A sale could give Neptune an equity value of about $5 billion, the people said.