Energean, a UK-based gas producer, announced the termination of its agreement with Carlyle, a private equity fund, for some of its assets due to pending regulatory approvals in Italy and Egypt. The $945 million deal between the two companies in June 2024 aimed to establish a new Mediterranean-focused oil and gas company under the leadership of former BP CEO Tony Hayward, utilizing Energean's assets in Egypt, Italy, and Croatia. Despite the disappointment of the deal falling through due to approval challenges, Energean's CEO, Mathios Rigas, emphasized that this outcome does not alter the company's strategic direction or its commitment to growth and shareholder returns. The inability to reach an agreement on extending a deadline beyond March 20 led to the termination. Energean confirmed that its dividend policy would remain unchanged regardless of the deal's status. The company, operating across eight countries in the Mediterranean and UK North Sea, reported an increase in annual profit after tax in its latest results but noted an asset impairment charge of $241 million related to assets in Egypt, Morocco, and Greece. During a post-earnings call, Rigas clarified that the company had not actively marketed its assets for sale and was not seeking alternative buyers.