Altinex Closes Denerco Deal

Earlier this year Altinex announced the acquisition of the Danish company DENERCO OIL A/S for DKK 2,200 million. As of today this transaction is completed as a cash deal.

Altinex is pleased of having closed this transaction making the company into a mid-sized exploration and production company with key producing assets on the Norwegian and Danish Continental shelves. The acquisition provides a solid platform for organic growth with numerous development and exploration projects in the greater North Sea area and Middle-East through participation in Oman.