May 30, 2019
Ithaca Energy Limited has announced that it is to acquire Chevron North Sea Limited ("CNSL") for US$2 billion. Ithaca is a wholly owned subsidiary of the Tel Aviv stock exchange listed Delek Group Limited, Israel’s leading energy company. The transaction is expected to complete later this year following approval of the acquisition by the UK Oil and Gas Authority.
Latham & Watkins is advising Chevron in the transaction with a team led by London corporate partner Simon Tysoe, with tax partner Sean Finn, IP partner Deborah Kirk and associates George Venables, Stephen Kazerani, Murray Dunn, David Ziyambi, and Mark Sun.