Dana Gas Signs Binding Agreement to Sell Egyptian Assets for $236m

Dana Gas, the Sharjah-based energy company, entered into a “binding agreement” with Egypt’s IPR Wastani Petroleum to sell its onshore Egyptian oil and gas assets.

The $236 million deal with Egyptian exploration and production firm, a part of IPR Energy Group, also includes contingent payments, Dana said to Abu Dhabi Securities Exchange, where its shares trade.

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