UK-listed oil explorer Imperial Energy said its agreed takeover by ONGC was not at risk because shares owned by collapsed investment bank Lehman Brothers would not be tendered for sale. For full story, click here
Imperial Energy, which is in the process of being taken over by ONGC, has not renewed its licence to prospect oil in Kazakhstan. For full story, click here
Amid speculation of a postal strike in the UK, London-listed Imperial Energy has asked its shareholders to accept the ONGC offer “as early as possible”. Priced at 1,250 pence a share. For full story, click here
UK-listed oil explorer Imperial Energy said its agreed takeover by ONGC was not at risk because shares owned by collapsed investment bank Lehman Brothers would not be tendered for sale. For full story, click here
Imperial Energy, which is in the process of being taken over by ONGC, has not renewed its licence to prospect oil in Kazakhstan. For full story, click here
ONGC Videsh Ltd (OVL), the overseas investment arm of ONGC, through which the exploration major is routing its bid for Imperial, has fulfilled all pre-conditions for acquisition. For full story, click here
The bid may face a valuation glitch as the government is having 2nd thoughts on the justification of state-owned company Oil and Natural Gas Corporation’s $2.6-bn bid for LSE-listed Imperial Energy. For full story, click here For ONGC’s website, click here
ONGC Videsh Ltd (OVL), the wholly-owned subsidiary of India based Oil and Natural Gas Corporation (ONGC), reported that it has bought 15 per cent stake in Imperial Energy and formally launched a negotiated takeover bid for the company at $2.6 billion. OVL Managing Director R S Butola said: The acquisition represents an important addition to OVL’s operations and we [...]
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