Thai gas and oil company, PTT Exploration and Production, has beaten Royal Dutch Shell to capture British-listed Cove Energy.
Cove Energy has been at the centre of a bidding war between the two companies since February this year. The UK Takeover Panel had ruled that if neither company had declared its final offer by 4pm yesterday, an auction would start today. However, Shell announced that it would not increase its bid of 220p a…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
