Nigeria's Seplat gets more time to make an offer for Afren

Bryant (ABC) Orjiako, Co-Founder & Chairman of Seplat

British oil producer Afren Plc said the UK Takeover Panel extended the deadline for Nigeria‘s Seplat Petroleum Development Co to make a firm offer or walk away.

Seplat now has time until 1700 GMT on Feb. 13. A previous deadline ends on Saturday.

Afren said in December it had received a preliminary approach from Seplat. The companies received the first deadline extension on Jan. 19.

Read more: Nigeria's Seplat gets more time to make an offer for Afren | Reuters.

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