COPENHAGEN: North West Europe focused E&P group Atlantic Petroleum has engaged Pareto Securities as a financial advisor with the purpose of exploring a range of strategic alternatives including the possibility of a sale, merger or a jv partnership.
Ben Arabo, CEO of Atlantic Petroleum, commented: “The initiation of a review of strategic alternatives will allow us to explore options that can accelerate the realization of value for the benefit of our shareholders.”
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In a statement today, the company said there is no assurance that the review will result in the completion of any transaction, and continuing as an independent company as it is now is also included as part of the review.
