Kuwait Energy terminates merger discussions with SOCO International
Published by Laura Dean,
Deputy Editor
Oilfield Technology,
On 8 January 2018, Kuwait Energy plc (Kuwait Energy) confirmed that it was in preliminary discussions with SOCO International plc (SOCO) 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.
Read the article online at: https://www.oilfieldtechnology.com/special-reports/06032018/kuwait-energy-terminates-merger-discussions-with-soco-international/
You might also like
How real-time corrosion monitoring helps oil and gas operators extend asset life
Dauren Kazimbek, Business Development Manager for SMARTCORR, highlights how asset life can be extended through real-time corrosion monitoring in the oil and gas industry.