Speculation that San Leon Energy (SLE) will be taken over has been swirling since December, when Geron Energy made an ‘indicative’ 80p a share bid for the group. Now, another potential Chinese buyer, China Great United, has made its own indicative offer, in the range of 67-76p a share.
IC TIP:
Buy
at
32.5p
The deal, which would give China Great United a stake in the world-class OML 18 field in Nigeria, is conditional on the satisfactory completion of due diligence checks which should be made by mid-August.
