L
LequteMan
Guest
Nigeria’s Seplat Petroleum Development Co has been given a two-week deadline by the UK Takeover Panel to make a firm offer for Afren Plc or walk away, according to Nairametrics.
Seplat now has until 1700 GMT on Feb. 13. A previous deadline ends on Saturday.
In December, Afren said it received a preliminary approach from Seplat. The companies received the first deadline extension on Jan. 19.
The London-listed company, whose main producing assets are in Nigeria, has been struggling with looming debt payments and tumbling oil prices.
#Afren #Seplat #Nigeria
Seplat now has until 1700 GMT on Feb. 13. A previous deadline ends on Saturday.
In December, Afren said it received a preliminary approach from Seplat. The companies received the first deadline extension on Jan. 19.
The London-listed company, whose main producing assets are in Nigeria, has been struggling with looming debt payments and tumbling oil prices.
#Afren #Seplat #Nigeria