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Opposition mounts to Capricorn-NewMed Energy deal


Issue 472 - 06 Nov 2022 - By Marc Howard | 1 minute read

Criticism of the proposed acquisition of London Stock Exchange (LSE)-listed Capricorn Energy by Tel Aviv Stock Exchange (Tase)-listed NewMed Energy has quickly gained momentum. As of 3 November, over one-third of Capricorn equity holders had publicly opposed the deal. The tie-up requires a majority of shareholders to vote in its favour at a general meeting.

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