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RIL, ONGC rumoured as 'mystery' bidders in $8 bn Addax sale

London-based Addax Petroleum has fields in Iraqi Kurdistan and Nigeria and is said to be on the block for up to 5 billion pound ( around $ 8.26 billion).

A formal offer for the company could be announced early next week, report said, adding that "there was also chatter that Jean Claude Gandur, the billionaire chief executive of Addax, and his bankers, led by Tim Chapman of RBC, are keen to get a deal done quickly".

Addax, which has one of only two operational fields in Kurdistan, has seen interest from would-be buyers i

Asked by Pooja Mahesh, 22 Jun '09 05:04 pm
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Answers (1)


Good information
Answered by Sunil Gupta, 22 Jun '09 07:57 pm

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