Norton Rose Fulbright and Pinsent Masons have landed the leading roles on a deal that will see Falkland Oil & Gas (FOGL) acquire fellow exploration company Desire Petroleum. The combination of the two Falklands companies, which will create an entity worth around $250m (£156m), will see FOGL’s shareholders own 60% of the combined group’s issued share capital after the offer closes, with Desire stakeholders owning the remainder.
October 09, 2013 at 08:18 AM
1 minute read
The original version of this story was published on Legalweek
Norton Rose Fulbright and Pinsent Masons have landed the leading roles on a deal that will see Falkland Oil & Gas (FOGL) acquire fellow exploration company Desire Petroleum.
The combination of the two Falklands companies, which will create an entity worth around $250m (£156m), will see FOGL’s shareholders own 60% of the combined group’s issued share capital after the offer closes, with Desire stakeholders owning the remainder.
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