10:00 AM EST - Vermilion Energy Inc. : Announced the closing of the acquisition of Equinor Energy Ireland Limited from Equinor ASA on March 31, 2023. The acquisition of EEIL adds an incremental 36.5% interest in the Corrib Natural Gas Project, increasing Vermilion's operated interest to 56.5%. The acquisition makes Vermilion the largest provider of domestic natural gas in Ireland. We entered into an agreement with Equinor ASA in November 2021 to acquire EEIL with an effective date of January 1, 2022 for total consideration of US$434 million ($556 million), before closing adjustments and contingent payments. The net purchase price after adjusting for the interim free cash flow between the effective date and closing date inclusive of Vermilion's estimates of European windfall taxes based on information released to-date on how it will be implemented in Ireland, the contingent payment and other closing adjustments is approximately $200 million. Vermilion Energy Inc.
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