28th Mar 2019 08:06
LONDON (Alliance News) - Premier Oil PLC has completed the sale of its Pakistan business, it said Thursday, nearly two years after the initial agreement.
The USD65.6 million deal was first announced in April 2017 by Premier, as part of a non-core asset disposal programme.
Premier Oil Pakistan Holdings BV has been sold to Al-Haj Energy Ltd, with completion coming after the receipt of necessary approvals and the finalising of working capital adjustments.
Premier, in April 2017, had said it expected the deal to complete by the end of 2017. Shares were down 0.7% early Thursday at 90.85 pence each.
Related Shares:
PMO.L