Petroceltic takes over Melrose Resources
UPDATE: The oil and gas exploration firm Petroceltic is taking over British exploration company Melrose Resources.
The oil and gas exploration firm Petroceltic has announced a takeover of British exploration company Melrose Resources for stg£165 million.
Under the terms of the deal Melrose shareholders will receive 17.6 new shares in Petroceltic for each share in Melrose held.
Existing Melrose shareholders will hold 46 per cent of the enlarged company while Petroceltic shareholders will hold 54 per cent.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team