The boards of ContourGlobal and Cretaceous Bidco Limited have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of ContourGlobal by Bidco. Cretaceous Bidco is a newly formed company wholly-owned by funds advised by Kohlberg Kravis Roberts & Co. L.P. and its affiliates.
Each ContourGlobal shareholder shall be entitled to receive: for each ContourGlobal share, 263.6 pence in cash. The deal values the entire issued and to be issued ordinary share capital of ContourGlobal at approximately 1.75 billion pounds.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.