Tuesday, October 04, 2005
LUKOIL subsidiary makes USD 2bn bid for Nelson Resources
Story: LUKOIL Overseas Holding has announced that it has made a USD 2bn acquisition offer for Nelson Resources, the listed UK-based energy company.
According to a company press release, LUKOIL Overseas Holding, a subsidiary of Russian oil and gas giant LUKOIL, is seeking to acquire 100% of the share capital of Nelson Resources, which also has operations in Toronto, Canada. Further details on the deal are expected to be released later on today (Monday) at a conference call.
Source: Company press release(s)
Value: $2,000m (deal value)
According to a company press release, LUKOIL Overseas Holding, a subsidiary of Russian oil and gas giant LUKOIL, is seeking to acquire 100% of the share capital of Nelson Resources, which also has operations in Toronto, Canada. Further details on the deal are expected to be released later on today (Monday) at a conference call.
Source: Company press release(s)
Value: $2,000m (deal value)
