AJ Lucas Acquires Riverstone's Stake in Cuadrilla Resources

February 4, 2020

AJ Lucas Group Limited will acquire all of Riverstone's shareholding interest in Lancashire-based Cuadrilla Resources, increasing AJL's stake from 47.6% to approximately 93%, with the remainder held by current and former employees. The transaction streamlines ownership to simplify decision-making and alignment as Cuadrilla works with regulators to address induced seismicity concerns and continue appraisal and potential development of UK shale gas assets.

Buyers
AJ Lucas Group Limited
Targets
Cuadrilla Resources
Sellers
Riverstone
Industry
Oil & Gas
Location
Lancashire, United Kingdom
Transaction Type
Buyout

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