UK's Serica Energy delays main market move due to M&A hurdles

(Reuters) -Britain's Serica Energy said on Wednesday it would no longer be able to complete its planned transition from the AIM market to the London Stock Exchange's main market this year, due to regulatory complexities from its recent M&A activity.

The company said last week it would buy BP's stake in some North Sea assets for $232 million, and last month announced a deal to purchase UK's North Sea oilfield operator Prax Upstream for $25.6 million.

(Reporting by Ankita Bora in Bengaluru; Editing by Rashmi Aich)