Rockhopper Exploration (RKH): Italian assets disposal

This situation live

£647m · 60.5p · −13% since the first step

Disposal of a part (break-up)

Italian assets disposal

Italian approval outstanding; long stop passed

Next: Italian regulator approval

Every step · 2

30 Jun 2026 FIG approval received; Italian approval pending, long stop passed – The SPA is conditional on receipt of approvals from the Falkland Islands Government ("FIG") and the Italian regulator, the first of which, from FIG has been... ↗
30 Sep 2026 Italian approval outstanding; long stop passed – The SPA is conditional on receipt of approvals from FIG, which has been received, and the Italian regulator, which has not been received as at the date of... ↗

What is happening

Rockhopper Exploration: Italian assets disposal – Italian approval outstanding; long stop passed. ['Italian approval outstanding; long stop passed']

In short: Rockhopper agreed in Oct 2024 to sell Rockhopper Civita Limited, which holds its Italian assets, to Zodiac Energy. FIG approval has been received but Italian approval has not. The 30 Jun 2026 long stop has passed, so either party can withdraw, though the SPA remains in force and the company is still working to close.
Announced: 30 Jun 2026 · FIG approval received; Italian approval pending, long stop passed
Latest: 30 Sep 2026 · Italian approval outstanding; long stop passed
Buyer: Zodiac Energy Limited
Business sold: Rockhopper Civita Limited, holding Italian assets and liabilities except Ombrina Mare arbitration
Conditions: FIG approval received; Italian regulator approval outstanding
Long stop: 30 June 2026 reached; either party may withdraw

Italian regulator approval.

From the company's own announcements. Not investment advice.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

Also at Rockhopper Exploration 2 open