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A connected shareholder controls nearly a quarter of Genel Energy PLC (LSE:GENL, FRA:4VL, OTC:GEGYY) following its designation as a takeover target. The business holds no direct interests, financial derivatives, or subscription rights in its own name.

Genel Energy plc (GEGYY) Q2 2026 Earnings Call Transcript

Genel Energy PLC (LSE:GENL, FRA:4VL, OTC:GEGYY) has rejected a £202 million cash approach from DNO, its Norwegian rival in the Kurdistan region of Iraq. DNO has taken the proposal public after being rebuffed, a move that raises pressure on the Genel board to open talks.

UK-listed Genel ​Energy rejected DNO's £202 million ($271.8 ‌million) takeover proposal, the Norwegian oil firm ​said on Friday.

Genel Energy LON: GENL reported that production suspensions at its Tawke operations weighed heavily on first-half performance, while management highlighted its proposed acquisition of Capricorn Energy as a potential step toward greater production scale and geographic diversification.