SDX Energy: Tenaz pulls out of takeover as Aleph moves in

Issue 467 - 10 Aug 2022 - By Jon Marks

Toronto Stock Exchange (TSX)-listed Tenaz Energy Corporation has pulled out of its takeover of SDX Energy after only 20.2% of the London AIM-listed firm’s shareholders voted in favour of the deal. In further corporate manoeuvres, Egypt-Morocco-focused SDX has lined up a new anchor investor, Aleph Commodities, with which it is working on a “refreshed and ambitious strategy”.

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