Deal insight

Qatar's Al Mirqab Capital assumes control of Heritage Oil

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Report summary

London listed Heritage is to be taken over by Al Mirqab Capital a privately owned Qatari investment company. Heritage's largest stakeholder Anthony Buckingham will retain a 20% stake. Al Mirqab's 3.20 per share offer effectively values Heritage at US$1.71 billion (US$1.37 billion for an 80% stake) and represents a 25% premium to the previous day's closing price. We value the deal at US$1 034 million; a 25% discount to the purchase price.

What's included

This report contains

  • Document

    Qatar's Al Mirqab Capital assumes control of Heritage Oil

    PDF 789.96 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

Images

  • Heritage share price (£ pence) and key transactions

Tables

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1

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