DNO ASA Announces Acquisition of Capricorn Energy plc Through Court-Sanctioned Scheme
News related to:Capricorn Energy plc · 2 min read
Oslo, 21 September 2026, DNO ASA, the Norwegian oil and gas operator, has announced the publication of a scheme document for the acquisition of Capricorn Energy plc. The acquisition is being carried out through DNO Bidco AS, a wholly owned subsidiary of DNO ASA, and will be implemented via a Court-sanctioned scheme of arrangement under Part 26 of the UK Companies Act 2006.
According to the scheme document, DNO ASA is recommending an all-cash acquisition of Capricorn Energy plc. The document will be available for inspection free of charge on DNO’s website at dno.no and on Capricorn's website at www.capricornenergy.com/investors no later than 12 noon on the business day following its publication. The document will remain available until the end of the offer period.
DNO ASA, founded in 1971, is Norway’s oldest oil company and the first to list on the Oslo Stock Exchange in 1981. The company is active in the North Sea and the Middle East, holding stakes in various exploration, development, and production licenses. Capricorn Energy plc is a company based in the United Kingdom, focusing on energy and related operations.
The acquisition is part of DNO ASA’s ongoing strategy to expand its portfolio and strengthen its position in the global oil and gas market. The company aims to leverage Capricorn Energy’s expertise and resources to enhance its operational capabilities and geographical presence.
DNO ASA’s commitment to growth and strategic partnerships is evident in its pursuit of this acquisition. The scheme document provides detailed information on the terms and conditions of the proposed transaction, including financial details and the rationale behind the acquisition.
Investors and stakeholders are encouraged to review the scheme document for comprehensive information on the acquisition. The document is available on the respective company websites, ensuring transparency and accessibility for all parties involved.
The acquisition is subject to certain conditions, including regulatory approvals and the approval of Capricorn Energy’s shareholders. DNO ASA remains committed to a smooth and efficient implementation of the acquisition, ensuring minimal disruption to both companies’ operations.