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Kuwait Energy terminates merger discussions with SOCO International

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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.

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