FINANCING

ENOC to capture Dragon

EMIRATES National Oil Company has made a friendly offer to acquire the remaining stock of Dubai-based and UK-listed Dragon Oil under a deal which valued the company at about £3.7 billion ($A7.4 billion).

ENOC to capture Dragon

Dubai government-owned ENOC has an existing stake of nearly 54% with its bid for the remaining Dragon shares made at £7.50 each. The deal was supported by the independent committee of Dragon's...

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