United Energy Completes Purchase of Oil and Gas Firm in Egypt

MT Newswires Live

2025/10/15

United Energy Group (HKG:0467) completed the $150 million purchase of Apex International Energy Holdings I from Apex International Energy, according to a Hong Kong bourse filing Wednesday.

Shares of the natural gas and petroleum company were up over 1% in pre-market trade.

The target company engages mainly in upstream oil and gas exploration and exploitation in Egypt, allowing United Energy to expand its upstream business in the region.

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