Sector News

Afren gets preliminary offer from Nigeria’s Seplat

December 22, 2014
News
(Reuters) – Oil producer Afren Plc said it had received a preliminary offer for the company from Nigerian oil and gas explorer Seplat Petroleum Development Co Plc .
 
Afren said Seplat has until Jan. 19 to make a firm offer.
 
Afren’s shares rose 10.5 percent to 50.82 pence on Monday morning on the London Stock Exchange. (Reporting by Abhiram Nandakumar in Bangalore; Editing by Gopakumar Warrier)

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