Cambo owner Ithaca Energy to IPO in London ‘asap’

Cambo owner Ithaca Energy to IPO in London ‘asap’

Ithaca Energy will make its IPO in London “as soon as possible” this year, according to parent firm Delek Group.

The North Sea operator is growing to one of the largest in the UK, following high-profile deals for Marubeni, Summit Exploration and, most recently, Siccar Point Energy which owns the controversial Cambo oil field.

Releasing its first quarter accounts, Israel’s Delek Group said Ithaca “intends to merge the operations of the acquired company (Siccar Point) and to continue to develop the acquired asserts as part of its preparation towards an IPO in 2022”.