EuroGas already holds a 55% stake in McCallan, and with the new acquisition, it will increase its ownership interest in the company to 100%.
The acquisition is expected to be completed by the end of this month.
McCallan, the parent company of EuroGas Polska and EuroGas Austria, owns conventional and unconventional oil and gas properties, including shale gas, in Poland and Ukraine.
EuroGas Polska owns a 24% stake in a large Joint Operating Agreement (JOA) operated by Polish Oil & Gas (PGNiG), Poland’s national oil and gas company.
EuroGas Austria owns a 33% shareholding in Rozmin, a Slovakian mining company.
