London-listed Ophir Energy has confirmed it has entered into talks with Medco Energi Global to be taken over by the privately owned Indonesian conglomerate. If the sale goes ahead, it would likely spell the end of Ophir’s focus on Africa.
In a statement on the talks, Ophir said “there can be no certainty that any offer will be made”, but that the deal will create a significant player in East Asia if it goes ahead. According to regulatory stipulations, a formal purchase...
- You have reached an article available exclusively to subscribers
- Stay informed with exclusive, accurate and up-to-date energy news, analysis and intelligence. Sign up for 7-day trial access to this and more premium content. It's free!
- Get a free trial Already a subscriber? Sign in
