PTTEP of Thailand said today that it expects its wholly owned unit PTTEP Africa Investment finalise the takeover of Cove Energy on October 5.
“ As at the close of September 17, PTTEP AI held 98.88 % of shares in Cove. Unless a court orders otherwise, PTTEP AI will hold 100% of Cove shares on October 5, 2012, the end of the compulsory acquisition process ,” the company said in a statement.
“ On September 18, 2012, the London Stock Exchange announced the cancellation of admission to trading of Cove’s shares on AIM ,” the compnay added.
[mappress] LNG World News Staff, September 19, 2012