LONDON (AFX) – Energy Africa’s board said it has advised shareholders to reject the 2 billion rand offer by Malaysia’s Petroliam Nasional Bhd (Petronas) to acquire the remaining 35% stake it does not own, claiming the 43.75 rand per share offer “significantly” undervalues its assets. “The Energy Africa directors, excluding Engen Ltd appointees, remain of…
MALAYSIA: Energy Africa urges shareholders to reject Petronas’ 43.75 rand/share offer
Posted on October 21, 2002 by EnergyAsia