UK groups seal merger to create African energy giant
LONDON, June 1 — British energy explorers Tullow Oil and Capricorn today agreed a £1.4-billion (RM7.7 billion) merger to create a leading player in Africa.
The two firms have reached agreement over a merger that gives Tullow the upper hand with a 53-per cent stake and Capricorn the rest.
……Read full article on Malay Mail Online - Money
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