Athens-based Energean Oil & Gas wants to raise approximately US $500 million through an initial public offering (IPO) in London, in order to develop its natural gas and oil concessions in Israeli territorial waters, the company announced on Friday.
Energean will offer 72.6 million new shares at $6.35 each on London’s main market.
The Greek energy company said it will use most of the fresh money to develop its Karish and Tanin offshore fields.
