18th Sep 2015 06:54
LONDON (Alliance News) - Petroceltic International PLC on Friday said it has no knowledge of any investigation into the company's Bulgarian subsidiary, following the call made for the company to address reports about this by activist shareholder Worldview Capital Management SA.
Worldview on Thursday called on Petroceltic to address a report in Bulgarian media that the country's state prosecutor is conducting an investigation into the company's Bulgarian arm.
Petroceltic said on Friday it has no knowledge of any investigation and said it has not been contacted by the Bulgarian State Prosecutor's office.
It said it will review the allegations and will make any further announcements where appropriate.
By Sam Unsted; [email protected]; @SamUAtAlliance
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