(Reuters) – Oil and fuel firm Maurel & Promenade <MAUP.PA> has made a attainable provide price about 210 million kilos for UK peer Amerisur Assets <AMER.L>, which might assist the French agency enhance its vary of belongings in Latin America.
Maurel & Promenade stated on Monday its attainable provide was priced at 17 pence per share for Amerisur, whose shares closed at 16.52 pence on Friday.
“M&P sees appreciable profit to shareholders from a mix and believes that the enlarged group would provide vital worth upside for each Amerisur’s and M&P’s shareholders,” the French firm stated in a press release.
“The mixture would end in a balanced portfolio of manufacturing belongings, with a variety of high-impact exploration and growth alternatives throughout Latin America and Africa,” added Maurel & Promenade.
(Reporting by Sudip Kar-Gupta, Enhancing by Sherry Jacob-Phillips)