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ENOC to Buy Dragon Oil

ENOC to Buy Dragon Oil  ENOC to Buy Dragon Oil

Emirates National Oil Co (ENOC) has made a $5.6 billion offer to buy minority shareholders’ stakes in Dragon Oil, Arabian Oil & Gas reported. ENOC, which already owns 54% of the exploration and production firm, is seeking to obtain the remaining 46%. The company made a public offering to the independent committee set up after its initial private offering on May 13.

 

Financialtribune.com