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Debt-laden Premier Oil hoovered up by Chrysaor

Private North Sea producer gaining a listing from Premier, whose shareholders will hold 5 per cent of the combined entity
Debt-laden Premier Oil hoovered up by Chrysaor

Premier Oil (PMO) will effectively disappear in its present form, via a takeover designed to hand private equity-backed producer Chrysaor Holdings a London listing. Premier has spent much of 2020 looking for solutions to its debt problems, while trying to complete a sizeable North Sea asset purchase. Last month it confirmed that it was talking to Chrysaor to refinance its debt. 

IC TIP: Await documents at 17p

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