February 19, 2018 / 1:55 PM / 3 months ago

Energean plans London listing in March, aims to raise $500 million

ATHENS (Reuters) - Energean plans to list on the London Stock Exchange in March and aims to raise about $500 million (356.53 million pounds), the Greek energy company said on Monday.

Sources had told Reuters in November that the company was considering a London listing to raise cash for a $1.5 billion development of the Karish and Tanin fields off Israel’s coast.

Energean, a private exploration and production company operating in the eastern Mediterranean, bought the Karish and Tanin licences in December 2016.

Editing by Jason Neely

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