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Keo Capital Ends Exclusivity Arrangement with Lionheart for US Listing of Energy Unit

MT Newswires·09/01/2026 00:37:30
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12:37 AM EDT, 09/01/2026 (MT Newswires) -- Keo Capital (KEOC.ST) ended its exclusivity arrangement with blank-check company Lionheart Holdings for the US listing of its Maha Energy Indiana subsidiary. The parties agreed to end the arrangement after failing to complete the merger of Maha Energy and Lionheart within the exclusivity period. Maha Energy holds an interest in the PetroUrdaneta joint venture that owns oil and gas assets in the Bolivarian Republic of Venezuela. The Stockholm-listed financial solutions provider said it still intends to list the unit in the US even after the failed agreement with Lionheart.