28th Oct 2014 09:03
LONDON (Alliance News) - Spanish energy group Compañía Española de Petróleos on Tuesday confirmed it was holding talks with Salamander Energy PLC over a possible takeover of the company, a day after shares in the London-listed oil company surged higher after it said it was holding talks with two possible suitors.
Salamander Energy PLC shares jumped on Monday after it confirmed press speculation that it has entered talks with both FTSE 250-listed Ophir Energy PLC and a consortium led by Compañía Española de Petróleos, or CEPSA, and investment group Jynwel Capital.
CEPSA on Tuesday confirmed it was holding talks with Salamander about a possible takeover bid and also said Jynwel Capital also was involved in its bid. It said there was no certainty any offer would be made and said its bid would be in cash.
Salamander shares were up in trade on Tuesday, rising 0.8% to 94.25 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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