Green Gate Resources E, LLC signed an agreement to acquire 48.2% stake in Aera Energy LLC from Exxon Mobil Corporation (NYSE:XOM) for $2 billion in August 2022. The transaction is subject to regulatory approvals. The transaction is expected to close in the fourth quarter of 2022.
Citigroup Inc., Wells Fargo Securities and Truist Securities, Inc. acted as lead financial advisor to Aera Energy LLC. Haynes & Boone, LLP acted as legal advisor to IKAV.