SOCO International Plc - Acquisition of Merlon Petroleum
SIA
Thu, 27 Sep 2018, 07:10 BST
SOCO is an international oil and gas exploration and production company.
Industry: Oil & Gas
Contact: +44-20-77472000
Dover Street, London, United Kingdom
http://www.socointernational.com/
CEO Ed Story speaks about the acquisition of Merlon Petroleum and the impact it will have on Soco. With a purchase price of approximately US$215 million, to be paid in cash and new SOCO shares, Story comments that \"Merlon creates a new hub for our business in Egypt, which we will utilise to support further growth not only in Egypt but also the wider MENA region.
