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Monaco’s Ofer Global’s takeover attempt for New Zealand Oil & Gas has strengthened to 36 percent acceptances, while a former competitor in the takeover tussle, Australia’s Zeta Energy, has also said it will add its 17 percent holding, taking the figure to 53 percent.
Ofer Global had earlier said that it wants between 50 and 70 percent of NZOG. Ofer Global – through its takeover vehicle Singapore-based OG Oil & Gas – has indicated that it wants to extend oil and gas exploration around New Zealand, possibly including two deepwater prospects. It would seek a joint venture partner for the exploration projects.
The latest offer from the Ofer Group of 78 cents a share has been unanimously accepted by NZOG’s board. The offer remains open until December 9.
Ofer Global is chaired by Eyal Ofer and has extensive interests globally in shipping, real estate, and banking and investments.
Now more than ever, health is at the forefront of everyone’s minds. On 7th April, we have an opportunity to thank the nurses and midwives of the Principality during World Health Day 2020.
Monaco’s support workers caring for the most vulnerable in the community are making heroic efforts to maintain vital ties to the elderly and disabled, whilst trying to remain safe themselves during the crisis.
Since confinement began on 18th March, the Monaco police force has made 11,000 traffic checks on drivers entering the Principality.
Prince Albert has warned the National Council that its criticism of his government’s management of the Covid-19 pandemic is unnecessarily escalating the tension and uncertainty surrounding the crisis.