Friday January 24, 2020

Oil firm San Leon in buyout talks

Market sources said that the company was approached by a Chinese investor

18th December, 2016
Oisín Fanning works for San Leon Energy

San Leon Energy, the publicly quoted Irish oil and gas explorer, is engaged in discussions about a potential takeover offer, The Sunday Business Post can reveal.

Market sources said that the company, which is led by former Smart Telecom chief executive Oisín Fanning, was approached by a Chinese investor about bidding for the company in recent weeks.

It is thought the bid would offer to buy out shareholders at around 80p, just less...

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