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Monday, August 3, 2015

«ENOC» get support for the purchase of Dragon Oil after the submission of good offer

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Emirates National Oil Company "ENOC" lifted on Sunday, offering for the acquisition of Dragon Oil to 800 pence per share, making it the biggest win of two minority shareholders in the company's oil-producing support.
She said, "ENOC" in a statement on Sunday, it had won the support of the required majority of shareholders of Dragon Oil, it announced that the display is the best and final. The "ENOC" made earlier bid of 750 pence a share. And the need "ENOC" Dubai-based and has a stake of 54% in Dragon Oil 23% approval from other shareholders in Dragonair to move forward with the deal. She won the approval of 29.92% of the shareholders and intends to delist the company's shares soon. The statement Bali Gifford and Elliott Capital Advisors on the approval of the new offer.

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