© Reuters. French oil and fuel group Maurel & Promenade eyes UK’s Amerisur
(Reuters) – Oil and fuel firm Maurel & Promenade (PA:) has made a attainable supply value about £210 million for UK peer Amerisur Assets (L:), which might assist the French exploration group increase its vary of property in Latin America.
Maurel & Promenade stated on Monday its attainable supply was priced at 17 pence per share for Amerisur, whose shares closed at 16.52 pence on Friday. The supply would comprise 12.5 pence as money and new shares in Maurel & Promenade value 4.5 pence every.
Maurel & Promenade’s curiosity in Amerisur highlights a wave of takeover exercise within the power sector as corporations look to extend their measurement to spice up money stream and quell investor criticism over an absence of returns.
Earlier this yr, Occidental Petroleum (N:) made a proposed $38 billion (£31 billion) acquisition of Anadarko Petroleum (N:), whereas Callon Petroleum (N:) introduced a takeover of Carrizo Oil & Gasoline Inc (O:) in July.
The Paris-based firm stated Amerisur’s important property have been…