Savannah Energy

finnCap Capital Markets is delighted to have advised Savannah Energy Plc on its US$65m equity placing and subsequent acquisitions of both ExxonMobil and Petronas’s oil businesses in Chad and Cameroon for up to US$700m. Both acquisitions individually constitute reverse takeover transactions.

These transactions more than double Savannah’s upstream scale in Africa and will transform Savannah into a significant West and Central African regional oil, gas, and midstream player.

Christopher Raggett, Co-Head of Corporate Finance, finnCap Capital Markets, comments: “These acquisitions will be transformational for Savannah and we are delighted to have assisted them with their very successful equity fundraise. 2021 was an exciting year for Energy companies and we have supported a number of our clients secure growth capital to execute on their plans for growth. We look forward to even more in the year to come.”