29 March 2024
Pieridae reverses into Toronto stock market
Publication date: 18 May 2017
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Calgary-based LNG developer Pieridae Energy has agreed to merge with compatriot E&P minor Petrolia with a view to creating a new company called Amalco, which would be the first integrated LNG firm listed on a Canadian stock market.
The move comes amid a series of similar M&A activity by larger firms aiming to tap investment capital on the public market and avoid listing fees by merging with a smaller company.