M&A Deal Summary

Saneg Acquires CGC Lubricants Italy

On February 14, 2024, Saneg acquired oil/gas exploration company CGC Lubricants Italy

Acquisition Highlights
  • This is Saneg’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Saneg’s 1st transaction in Italy.

M&A Deal Summary
Date 2024-02-14
Target CGC Lubricants Italy
Sector Oil/Gas Exploration
Buyer(s) Saneg
Deal Type Add-on Acquisition

Target

CGC Lubricants Italy

Rome, Italy
website
CGC Lubricants Italy is a producer of automotive and industrial oils and lubricants. The company manufactures a comprehensive range of oils and lubricants that meet the stringent requirements of European automotive manufacturers and producers of modern industrial equipment. CGC Lubricants Italy is based in Rome.

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Buyer(S) 1

Buyer

Saneg

Tashkent, Uzbekistan

website

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Saneg is a private oil and gas company that owns the subsoil rights to 103 deposits for geological exploration and extraction, and which accounts for about 80% of oil production in the Republic of Uzbekistan. Saneg is based in Tashkent, Uzbekistan.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Italy) 1 of 1
Year (2024) 1 of 1
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