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Dragon Oil  in $800m Bid
World Economy

Dragon Oil in $800m Bid

London-listed energy producer Dragon Oil, which is 54% owned by Dubai’s state-owned Emirates National Oil Company, is set to make a £500m ($800m) bid for Irish oil company Petroceltic, TradeArabia reported. It said that Dragon Oil intended to offer 230 pence a share, a 35% premium to the Irish company’s recent average stock price.

 

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