Premier Oil agrees deal with top creditor ARCM over buying BP assets
Premier Oil will issue
discounted shares to activist hedge fund ARCM representing 8.91%
of the company to pay for North Sea assets from BP, which
agreed to reduce the price, Premier said on Friday.
discounted shares to activist hedge fund ARCM representing 8.91%
of the company to pay for North Sea assets from BP, which
agreed to reduce the price, Premier said on Friday.
Posted by Reuters
