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Monday, June 08, 2009 6:00:18 PM
By Upstream staff
West Africa and Middle-east focused Addax Petroleum confirmed today that it is in talks with third parties regarding a possible acquisition, following media speculation.
“Addax Petroleum acknowledges that it has held preliminary discussions with third parties expressing an interest in a potential transaction with the Corporation,” said Addax in a statement.
“While such preliminary discussions are ongoing, no assurance can be given that a transaction will be complete,” said the company, adding that it did not intend to make any further comment at this stage.
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Monday, 08 June, 2009, 13:43 GMT | last updated: Monday, 08 June, 2009, 13:44 GMT
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