https://www.cairnenergy.com/media/2777/170820-cairn-energy-plc-senegal-announcement-final.pdf
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Cairn Energy : Pre-emption of Sale of Senegal interests
08/17/2020 | 07:18am EDT
Further to our announcement on 27 July 2020 of the proposed sale of Cairn's interests in the Sangomar field offshore Senegal to Lukoil, Woodside has exercised its right to pre-empt on the same terms and conditions.
In the event that no other JV parties pre-empt prior to the deadline of 26 August 2020 then Woodside will acquire Cairn's entire interest in the project. The transaction remains subject to Government of Sénégal consent and Cairn shareholder approval.
A Class 1 circular will be issued to shareholders in due course.
Cairn Energy : Pre-emption of Sale of Senegal interests
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