Battle for San Leon Energy hotting up

Battle for San Leon Energy hotting up

• Two Chinese bidders believed to be in running to buy Irish shale oil explorer in takeover battle

Financial advisers have been appointed to review the value of San Leon Energy as a takeover battle heats up for the Irish shale oil explorer.

Two Chinese bidders are understood to be in the running to buy the company, headed by former stockbroker Oisín Fanning.

Key shareholder Toscafund, the London based asset manager led by Martin Hughes, nicknamed “the Rottweiler”, has appointed merchant bank Hannam & Partners (H&P) to conduct a review of its...

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