Setterwalls assisted Maha Energy AB (publ) (“Maha”) in its acquisition of Dome AB Inc, a texas based oil producing company. The acquisition adds production facilities to Maha in the Illinois Basin area in the US. The transaction included all outstanding shares in Dome AB Inc and was completed with Maha’s wholly owned subsidiary Maha Energy (US) Inc as buyer and Dome Energy AB (publ) as seller.
Maha is listed on Nasdaq First North Growth Market. Maha’s strategy is to target and develop underperforming hydrocarbon assets on a global basis. Maha operates three oil fields, Tartaruga and Tie in Brazil and LAK Ranch, in Wyoming, U.S.