July 22, 2019 / 5:30 AM / 2 months ago

French oil and gas group Maurel & Prom eyes UK's Amerisur

July 22 (Reuters) - Oil and gas company Maurel & Prom has made a possible offer worth about 210 million pounds ($262.5 million) for UK peer Amerisur Resources, which could help the French firm boost its range of assets in Latin America.

Maurel & Prom said on Monday its possible offer was priced at 17 pence per share for Amerisur, whose shares closed at 16.52 pence on Friday.

“M&P sees considerable benefit to shareholders from a combination and believes that the enlarged group would offer significant value upside for both Amerisur’s and M&P’s shareholders,” the French company said in a statement.

“The combination would result in a balanced portfolio of producing assets, with a wide range of high-impact exploration and development opportunities across Latin America and Africa,” added Maurel & Prom.

$1 = 0.7999 pounds Reporting by Sudip Kar-Gupta, Editing by Sherry Jacob-Phillips

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below