Anglo-Dutch integrated oil company Royal Dutch Shell has launched a bid for Cove Energy, the AIM-listed oil and gas company which put itself up for sale in January.
Shell is offering 195p per Cove share in a deal that values the east Africa-focused company at around £992.4m. At the close of business prior to the announcement of Shell's bid Cove was trading at 154.5p.
More to follow ...
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