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Challenger Energy Group's Takeover by Sintana Gets Court Clearance

MT Newswires·12/12/2025 12:12:33
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12:12 PM EST, 12/12/2025 (MT Newswires) -- Challenger Energy Group (CEG.L) said Friday the High Court of Justice in the Isle of Man sanctioned the scheme of arrangement for its takeover by Sintana Energy. The scheme is set to take effect upon the delivery of a court order copy to the Companies Registry, which is expected Dec. 16. Challenger's shares will also be suspended from trading on the London bourse's AIM segment, with delisting anticipated to take place Dec. 17. Meanwhile, Canada-listed Sintana will apply for its shares to be admitted to trading on AIM following the effective date. Trading is expected to begin by Dec. 23.