popular articles

Venture Equity Bulgaria EAD acquires shares in SouthernEnergyCorp

Venture Equity acquires more than 1.8 million shares in Southern Energy Corp, strengthening its position in natural gas exploration and production.

Please share:

Venture Equity Bulgaria EAD (“Venture Equity”) announced that it has acquired 1,842,862 common shares (“Shares”) of SouthernEnergyCorp . (“Southern”) between November 2, 2022 and December 16, 2022.

 

Acquisition of shares

Venture Equity acquired ownership of 1,842,862 shares, representing approximately 1.33% of the currently issued and outstanding shares. Immediately prior to the acquisition, Venture Equity, together with Svetoslav Bojilov, held 13,733,372 shares, representing approximately 9.95% of the issued and outstanding shares.

Following the completion of this acquisition, Venture Equity, together with Svetoslav Bojilov, owns or controls a total of 15,576,234 shares, representing approximately 11.28% of the currently issued and outstanding shares.

 

Acquisition of securities for investment purposes

The securities were acquired in several transactions through the facilities of the TSX Venture Exchange (“TSXV”) and the AIM Market of the London Stock Exchange (“AIM”) at prices ranging from C$0.746 to C$1.117 per share for a total purchase price of approximately C$1.79 million. Venture Equity has acquired the securities for investment purposes and may acquire additional shares or divest its shares depending on the investment conditions. Southern is listed on the TSXV under the symbol “SOU” and on AIM under the symbol “SOUC”.

 

Impact of the acquisition

This acquisition of shares could have a significant impact on the governance of SouthernEnergyCorp. Although Venture Equity holds only a small stake in the company, the acquisition could pave the way for the company’s greater involvement in Southern’s strategy.

In addition, this acquisition may also indicate Venture Equity’s confidence in the future growth of SouthernEnergyCorp and the U.S. natural gas production and exploration industry.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Luc Rémont, chairman and CEO of EDF, will see his board mandate come to an end this summer. This expiration comes as the company is engaged in negotiations with the state over the financing of its nuclear programme.
EDF recorded a net profit of €11.4 billion in 2024, driven by increased nuclear and hydropower production. Despite falling electricity prices, the utility maintains strong financial results but faces financial and strategic challenges.
EDF recorded a net profit of €11.4 billion in 2024, driven by increased nuclear and hydropower production. Despite falling electricity prices, the utility maintains strong financial results but faces financial and strategic challenges.
Air Liquide has announced a 7.4% increase in its net profit for 2024, reaching €3.31 billion. Despite a 2% decline in revenue, the group is relying on improved operating margins and strategic investments to strengthen its market growth. #
Air Liquide has announced a 7.4% increase in its net profit for 2024, reaching €3.31 billion. Despite a 2% decline in revenue, the group is relying on improved operating margins and strategic investments to strengthen its market growth. #
Schneider Electric announced exceptional financial results for 2024, driven by strong demand in energy management and data centre sectors, despite a decline in its industrial automation business.
Schneider Electric announced exceptional financial results for 2024, driven by strong demand in energy management and data centre sectors, despite a decline in its industrial automation business.
Nexans, a major player in cable production, benefits from strong demand linked to infrastructure electrification, contributing to the growth of its financial results.
Orano reports a threefold increase in annual profit, driven by strong Japanese demand and rising uranium prices. The company benefits from a robust recovery in its uranium supply contracts.
Orano reports a threefold increase in annual profit, driven by strong Japanese demand and rising uranium prices. The company benefits from a robust recovery in its uranium supply contracts.
Sitka Power Inc. announces the acquisition of multiple renewable energy and energy storage projects from Saturn Power Inc., further strengthening its position in the renewable energy sector in Alberta, amid growing demand for these technologies.
Sitka Power Inc. announces the acquisition of multiple renewable energy and energy storage projects from Saturn Power Inc., further strengthening its position in the renewable energy sector in Alberta, amid growing demand for these technologies.
Tokyo has announced a 60% reduction in greenhouse gas emissions by 2035 compared to 2013. This ambition involves an energy transition marked by the development of renewable energies and increased reliance on nuclear power to ensure the country’s energy security.
Tokyo has announced a 60% reduction in greenhouse gas emissions by 2035 compared to 2013. This ambition involves an energy transition marked by the development of renewable energies and increased reliance on nuclear power to ensure the country’s energy security.
Veolia has signed an agreement with Emirati oil company Adnoc to streamline water consumption at its industrial sites. This strategic partnership aims to improve resource management and aligns with the French group’s expansion strategy in the Middle East.
Air Liquide has signed a record volume of power purchase agreements (PPAs) in 2024, adding more than 2,500 GWh of low-carbon electricity to its supply. These long-term agreements cover several key markets and support the company’s energy modernization efforts.
Air Liquide has signed a record volume of power purchase agreements (PPAs) in 2024, adding more than 2,500 GWh of low-carbon electricity to its supply. These long-term agreements cover several key markets and support the company’s energy modernization efforts.
Enbridge, a major player in natural gas transportation and distribution, announces an increase in its adjusted EBITDA. Driven by targeted acquisitions and steady expansion, these financial indicators illustrate the group’s solidity for the coming year.
Enbridge, a major player in natural gas transportation and distribution, announces an increase in its adjusted EBITDA. Driven by targeted acquisitions and steady expansion, these financial indicators illustrate the group’s solidity for the coming year.
Kalina Power and Crusoe Energy Systems have signed a strategic agreement to develop data centers in Alberta, utilizing excess energy resources and promoting a more sustainable approach for the technology sector.
Kalina Power and Crusoe Energy Systems have signed a strategic agreement to develop data centers in Alberta, utilizing excess energy resources and promoting a more sustainable approach for the technology sector.
New Zealand Energy Corp. (NZEC) confirms significant progress on the Tariki field, aiming to transform the site into a gas storage facility. The project, in response to market tensions in New Zealand, plans to begin injection in Q4 2025.
EDF plans to host data centers on six industrial sites already connected to the power grid. This initiative aims to accelerate the installation of digital infrastructure while optimizing its land assets. A call for expressions of interest will be launched by the end of February.
EDF plans to host data centers on six industrial sites already connected to the power grid. This initiative aims to accelerate the installation of digital infrastructure while optimizing its land assets. A call for expressions of interest will be launched by the end of February.
BP announces a strategic shift following a collapse in its 2024 profits. Under pressure from activist investors, the British group must balance profitability with the transformation of its asset portfolio in a changing market environment.
BP announces a strategic shift following a collapse in its 2024 profits. Under pressure from activist investors, the British group must balance profitability with the transformation of its asset portfolio in a changing market environment.
The International Energy Agency (IEA) is preparing to launch a global observatory in April to measure the energy footprint of data centers. This initiative aims to centralize reliable data as electricity consumption linked to artificial intelligence (AI) continues to grow rapidly.
The International Energy Agency (IEA) is preparing to launch a global observatory in April to measure the energy footprint of data centers. This initiative aims to centralize reliable data as electricity consumption linked to artificial intelligence (AI) continues to grow rapidly.
Potentia Energy, owned by Enel Green Power and INPEX, announces the acquisition of a portfolio exceeding 1 gigawatt (GW) of renewable energy assets in Australia. The deal includes operational wind and solar facilities as well as projects in advanced stages of development.
International Petroleum Corporation (IPC) repurchased 407,001 of its own shares between February 3 and February 7, 2025, as part of its ongoing buyback program. These transactions are part of the company’s capital management strategy and involve the Stockholm and Toronto markets.
International Petroleum Corporation (IPC) repurchased 407,001 of its own shares between February 3 and February 7, 2025, as part of its ongoing buyback program. These transactions are part of the company’s capital management strategy and involve the Stockholm and Toronto markets.
BP’s stock rises by more than 6% on the London Stock Exchange following reports of Elliott Management acquiring a significant stake. The activist fund is known for demanding strategic changes in the companies it invests in.
BP’s stock rises by more than 6% on the London Stock Exchange following reports of Elliott Management acquiring a significant stake. The activist fund is known for demanding strategic changes in the companies it invests in.
TotalEnergies plans to list its shares on the New York Stock Exchange by the end of 2025. The objective is to attract more American investors by converting its ADRs into ordinary shares while maintaining its presence in Paris.
TotalEnergies plans to list its shares on the New York Stock Exchange by the end of 2025. The objective is to attract more American investors by converting its ADRs into ordinary shares while maintaining its presence in Paris.
The rapid growth of artificial intelligence (AI) is driving an exponential increase in the energy and water consumption of its infrastructure. A British report highlights the need for tech companies to better regulate the impact of their data centers.
Despite Donald Trump's return and his measures favoring fossil fuels, major companies, including in the United States, are continuing their energy transition plans. American banks still finance renewable energy despite withdrawing from climate initiatives.
Despite Donald Trump's return and his measures favoring fossil fuels, major companies, including in the United States, are continuing their energy transition plans. American banks still finance renewable energy despite withdrawing from climate initiatives.
Veolia has entered into a strategic partnership with Mistral AI to integrate artificial intelligence into its plant management. The goal is to improve operational performance by enabling real-time analysis of equipment and accelerating technical interventions.
Veolia has entered into a strategic partnership with Mistral AI to integrate artificial intelligence into its plant management. The goal is to improve operational performance by enabling real-time analysis of equipment and accelerating technical interventions.
Norwegian energy giant Equinor has revised its renewable energy ambitions downward while increasing its focus on hydrocarbons. A strategic decision that aligns with industry trends and meets market expectations.
Norwegian energy giant Equinor has revised its renewable energy ambitions downward while increasing its focus on hydrocarbons. A strategic decision that aligns with industry trends and meets market expectations.

Advertising