An African oil company that attempted to buy San Leon Energy last year has taken a major stake in the Irish firm.
Midwestern Energy has acquired a 14 per cent stake in Dublin-headquartered San Leon, which has a lucrative shareholding in an oil field in Nigeria.
San Leon had been in takeover talks with a number of possible bidders over the last few years, including Midwestern. Last September, San Leon, run by former stockbroker Oisin Fanning,...
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