Reuters: Market News: Kuwait national oil firm eyes Ithaca Energy-report

Reuters: Market News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Kuwait national oil firm eyes Ithaca Energy-report Mar 25th 2012, 17:52 LONDON, March 25 | Sun Mar 25, 2012 1:52pm EDT LONDON, March 25 (Reuters) - Kuwait's national oil company is in advanced takeover talks with North Sea-focused oil and gas explorer Ithaca Energy , the Sunday Times reported. Kuwait Foreign Petroleum Exploration, the international arm of the Middle Eastern state's oil operation, has been in negotiations with Ithaca Energy for several months, the newspaper reported. Earlier this month, Ithaca said it had received unsolicited interest from several parties, which analysts estimated could result in a deal valued at about C$868 million ($869.52 million). Neither company could be immediately reached for comment.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions