|
Potomac View Investments LP, an entity managed by EIG Management Co LLC, on Wednesday said it has completed the secondary placing of 60 million shares in Harbour Energy PLC, worth £153 million. The shares represent around 3.8% of the issued share capital of London-based oil and gas company Harbour Energy and were placed at a price of 255 pence per share. In response, shares in Harbour Energy fell 6.2% to 265.80 pence each in London on Wednesday. The sale to institutional investors was conducted by way of an accelerated bookbuild process. Following the sale, Washington, District of Columbia-based buyout fund Potomac will hold a 3.5% stake in Harbour Energy. Potomac has undertaken not to sell further shares in Harbour for 90 calendar days following the completion of the placing. Potomac was one of the founding backers of Harbour Energy, with EIG providing initial funding as early as 2014. Barclays Bank PLC acted as sole global co-ordinator and sole bookrunner on the placing. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
