‘A merger of almost equals’: Jefferies estimates potential Neptune – Harbour combination at $10-11billion

‘A merger of almost equals’: Jefferies estimates potential Neptune – Harbour combination at $10-11billion

A merger of Neptune and Harbour Energy would create a company with market capitalisation of $10bn – $11bn, according to new analysis from Jefferies.

News broke last night from Bloomberg, who reported that the two firms are considering a merger. Both companies declined to comment.

Financial services firm Jefferies said such a combination “would be more to Harbour’s benefit” thanks to Neptune Energy bringing growing production, lower operational expenditure and lower CO2 emissions from a gas-weighted portfolio.