Indonesia’s Medco Energi Global is in talks to potentially buy London-listed Ophir Energy. If all goes well as planned, Medco could acquire Ophir Energy soon. Ophir revealed the existence of talks on the potential acquisition.
In a statement the firm said: “The Boards of Ophir and Medco confirm they are in discussions about a possible cash offer to be made by Medco for the entire issued and to be issued share capital of Ophir.”
Medco will need to make a firm offer by the end of January 2019 or walk away, Ophir says.