SEPLAT Gets January 30 Deadline for Takeover of Afren

SEPLAT Gets January 30 Deadline for Takeover of Afren

SEPLAT Petroleum Development Company, to indicate whether or not it intends to make a firm offer for the takeover of the United Kingdom-listed Afren Plc, expired on Monday, the company has received an extension to the deadline.

Seplat confirmed earlier this month that it had made a preliminary approach to take over Afren and that it had issued a January 19 deadline to firm up the deal.

But Afren has extended the deadline to January 30 for SEPLAT to either announce a firm intention to make an offer for Afren or announce that it does not intend to make an offer for Afren.
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Oil and Gas Press

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