KrisEnergy says AIH offer was for assets only, applies for fourth extension of debt moratorium

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UPSTREAM oil and gas company KrisEnergy on Monday said it had received a confidential non-binding conditional offer from AlHassan International Holdings (AIH) in 2017, among others, to acquire certain assets of KrisEnergy. Read more at The Business Times.

It also clarified that it did not receive an offer or proposal from AIH to acquire any stake or shares in the company.

The company said that while it had entered into discussions with AIH to"seek to progress the asset offer", definitive asset sale terms were not agreed upon and no binding offer or agreement was ultimately reached or signed.

 

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