Download full report with analyst certification and important disclosures
Jun 5 2020, 09:00 IST/BST
Premier Oil
Deal price reduced and creditor agreement
- Sectors : Resource
- Companies : Premier Oil
DAVY VIEW
Premier has achieved a reduced price for its purchase of North Sea assets and has also and, arguably more importantly, achieved agreement with its largest creditor (and holder of a very large short position in the group). Subject to debt and shareholder approvals, the BP acquisitions will now close at the end of September.
