SOCO International Says Ends Deal Talks With Kuwait Energy
LONDON, March 5 (Reuters) - London-listed SOCO International said on Monday it had ended merger talks with Kuwait Energy <IPO-KEC.L> after failing to agree terms.
The company, which has assets in Vietnam, the Republic of Congo (Brazzaville) and Angola, had announced the talks on Jan. 8, confirming a report by Reuters.
SOCO said on Monday it had "terminated these discussions because it could not reach agreement with Kuwait Energy on the basis for an acceptable transaction", but continued to evaluate other opportunities.
(Reporting by Simon Jessop, editing by Maiya Keidan)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.