Qalaa Holdings Looks to Increase Shares in ERC

Qalaa Holdings is in negotiations to increase its shareholdings in the Egyptian Refining Company (ERC), according to the company's managing director.

Nipco Launches $16m Offer for Mobil Oil Shares

Nipco Plc has launched a $16m offer for the shares it needs to increase its stakes in Mobil Oil to 70% to comply with Nigerian takeover rules.

ADES Offers 40% Stake in London Stock Market

ADES Group completed offering 40% of its shares on London Stock Exchange at a price of $16.50 per share.

Rosneft’s Market Capitalization Surpasses Gazprom

The oil producer Rosneft became Russia’s most valuable company as its market capitalization of $51.7b in April exceeded that of natural-gas exporter Gazprom at the level of $51.5b for the first time since its shares ...

Tanzania Plans to Sell 49% of Power Utility Tanesco

Tanzania's government plans to sell 49% of shares in the state-owned power utility company, Tanzania Electric Supply Company (Tanesco), to the public this year, while retaining a controlling stake.

ENOC in Bid to Buy Remaining Shares from Dragon Oil

Dragon Oil has been made an undisclosed offer for its entire share capital by fellow Dubai-based Emirates Nation Oil Company (ENOC).

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