May 2013 Monthly Focus: Renewable: The Other Energy
Downstream Focus: Smart Plants for the Future
African Focus: Egypt & Niger
Upcoming Events
M&P Shares Rise on Takeover Rumors
Date: Friday, June 15, 2012
French independent exploration firm Maurel et Prom has seen its shares jump on possible takeover rumors. According to a report from The Daily Mail newspaper, the firm has attracted the attention of Anadarko Petroleum Corp. and Shell.
The French firm could receive a bid of more than €19 per share, which is a little over €8 per share higher than its closing price on June 12 the paper said. Analysts say this is a bit optimistic.
The article also reported that Maurel et Prom rejected a “friendly approach” from Anadarko and Shell has expressed interest. However, in its most recently released statement regarding its AGM the company said that it had not been contacted by Shell.
Get the LATEST updates from the African oil & gas industry delivered straight to your Inbox by signing up to our free weekly electronic newsletter. Each issue features all the upstream, downstream, and political news from across the continent as well as an executive calendar, corporate announcements, and technology developments.