Offer for Dragon Oil
✽ Emirates National Oil Company (ENOC) is proposing to buy the shares in Dragon Oil it does not already own at a price of 735 pence per share.
The offer from ENOC, which already owns more than half of Dragon Oil, values the company at about £3.6 billion (€5.1 billion).
An independent committee for Dragon will consider the proposal from ENOC, according to a statement issued by Dragon Oil.
