Wednesday 2 September 2015
 
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Dragon oil

Enoc's offer 'undervalues' Dragon Oil

Elliott Advisors (UK) became the latest investor in Dragon Oil to say the takeover offer for majority shareholder Emirates National Oil Company (Enoc) undervalued the oil producer. Elliott also said Dragon Oil could increase oil p

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Dragon Oil's largest shareholder Enoc says no to dividend payment

Dragon Oil's largest shareholder, Emirates National Oil Co Ltd (Enoc), said the oil producer no longer needed to pay a dividend to shareholders, stepping up pressure in its bid to take over the company.   Eno

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Enoc presses ahead with Dragon Oil takeover amid protest

Emirates National Oil Company (Enoc) is progressing with its £1.7 billion purchase of Dragon Oil shares it does not already own, despite a major investor saying the takeover undervalued the company.   Enoc

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Enoc presses ahead with Dragon Oil takeover amid protest

Emirates National Oil Company (Enoc) is progressing with its £1.7 billion purchase of Dragon Oil shares it does not already own, despite a major investor saying the takeover undervalued the company.   Enoc

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Dragon Oil agrees to increased 750 pence-per-share Enoc offer

Dragon Oil said it agreed to an increased takeover offer by Emirates National Oil Co (Enoc) after the Dubai-based group increased its offer to buy out the company's minority shareholders.   Shares in Dragon O

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Dragon Oil plans $800m bid for Irish firm

London-listed energy producer Dragon Oil, which is 54 per cent owned by Dubai's state-owned Emirates National Oil Company, is set to make a £500 million ($800 million) bid for Irish oil company Petroceltic. Dragon Oil

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Dubai, Kuwait firms vie for Afghan oil deals

Seven energy firms, including Dubai-based Dragon Oil and Kuwait Energy, are likely to compete with Exxon Mobil Corp for the right to explore oil and gas blocks in northern Afghanistan, the country's Mining Ministry said in a statement.

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Enoc 'won't sell Dragon to pay Dubai debts'

Dubai-controlled refiner Emirates National Oil Company (Enoc) will retain control of explorer Dragon Oil, quashing speculation of a sale based on Dubai's need for cash to meet crushing debt obligations. Enoc said in a statement on Wedn

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Enoc says won't raise Dragon Oil bid

Dubai-based Emirates National Oil Co (Enoc) will not increase its bid for Dragon Oil, an independent oil development and production company, the group's chief executive said on Monday. "Despite what analysts say it is not underpriced and w

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Dragon Oil investor rejects Enoc bid

The largest minority investor in oil explorer Dragon Oil said it would reject a takeover bid from controlling shareholder Emirates National Oil Company (Enoc) that values Dragon at $3.9 billion. Baillie Gifford & Co said in a statement

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