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Kuwait Energy Terminates Merger Discussions with SOCO International

Source: www.gulfoilandgas.com 3/5/2018, Location: Middle East

On 8 January 2018, Kuwait Energy plc confirmed that it was in preliminary discussions with SOCO International plc regarding a possible merger.

Kuwait Energy confirms that discussions with SOCO have been terminated as the parties could not reach agreement on mutually acceptable transaction terms.

The Board of Kuwait Energy remains committed to serving the best interest of all its stakeholders, and continues to consider and assess its options to create the desired liquidity for its shareholders.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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