Chinese firm has San Leon in its sights

China Great United Petroleum makes approach at 20 to 30 pence premium over current share price

2nd July, 2017
Oisin Fanning

San Leon Energy, the oil company run by Oisin Fanning, has received a takeover bid that could value it at up to at £346 million (€395 million).

The company said the approach from China Great United Petroleum is conditional to due diligence on San Leon taking place and it may be up to eight weeks before any firm bid emerges.

The Chinese company has indicated a purchase price for the London-listed San Leon of between...

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