London-listed Tullow Oil sees merger with Meren Energy collapse

London-listed Tullow Oil sees merger with Meren Energy collapse

A tie-up involving London-listed Tullow and Toronto-listed Meren would have created a group with a formidable presence in African oil production, Sky News learns.

London-listed Tullow Oil sees merger with Meren Energy collapse | Money News | Tech, Entertainment, Sport, Fashion, Travel News

Talks about a merger involving Tullow Oil, the London-listed African oil explorer, and Meren Energy, a Canadian-listed peer, have collapsed. Sky News has learnt that discussions about a tie-up were progressing as recently as this month but are now said to have been terminated. It was unclear on Tuesday evening what the reason was for the abandonment of the negotiations. Tullow Oil, which has a market valuation of about £275m, is focused on West-…

London-listed Tullow Oil Sees Merger With Meren Energy Collapse - Great Yorkshire Radio

Sky News has learnt that discussions about a tie-up were progressing as recently as this month but are now said to have been terminated. It was unclear on Tuesday evening what the reason was for the abandonment of the negotiations. Tullow Oil, which has a market valuation of about £275m, is focused on West-African producing assets in Ghana, Gabon and the Ivory Coast. The company has seen its stock plunge dramatically since its peak valuation of …