Etablissements Maurel & Prom S.A. signed a Share Purchase Agreement to acquire Assala Energy UK Limited from The Carlyle Group Inc. (NasdaqGS:CG) for $730 million on August 15, 2023. The Transaction consideration and associated costs will be funded via the upsizing of M&P's existing bank loan by $183 million and an acquisition bridge facility for up to $750 million. Both facilities are supported by M&P?s controlling shareholder Pertamina and benefit from favourable terms. The acquisition bridge facility has a maturity of 12 months from its drawdown date which will be at closing of the transaction. Closing of the transaction subject to approvals from the Gabonese government as well as CEMAC authorities. Transaction is expected to close in third quarter of 2023, or in first quarter of 2024.

Morgan Stanley, Hannam & Partners, and Mandiri Sekuritas acted as financial advisors to M&P on the Transaction. Bertrand Montembault, Hubert Segain, Bruno Knadjian, Sergio Sorinas, Sophie Brézin, Régis Oréal, Alexandra Neri, Laurence Franc-Menget and Michael Aherne of Herbert Smith Freehills Paris LLP acted as legal advisors to M&P on the Transaction, and Bracewell LLP acted as legal advisors to M&P on the financing of the Transaction. Citi acted as financial advisor and Latham & Watkins as legal advisor to Carlyle on this transaction.

Etablissements Maurel & Prom S.A. cancelled the acquisition of Assala Energy UK Limited from The Carlyle Group Inc. (NasdaqGS:CG) on February 15, 2024. On February 15, 2024 of a share purchase agreement between Gabon Oil Company ("GOC") and Assala Energy Investments Ltd. ("Carlyle") regarding GOC's acquisition of Assala Energy Holdings Ltd and all of its subsidiaries ("Assala"). This signing has occurred in the context of GOC's sovereign right of pre-emption and supersedes the SPA signed by M&P and Carlyle on August 15, 2023.