Afren ends talks with Nigeria's Seplat Petroleum over potential sale

Oil producer Afren Plc said it had ended talks with Nigeria‘s Seplat Petroleum Development Co Plc over a potential sale of the company.

Afren, which has most of its oilfields in Nigeria, said it had not received any proposal from Seplat that it believed could be implemented on satisfactory terms.

Seplat confirmed that it did not intend to make an offer.

Read more: UPDATE 2-Afren ends talks with Seplat Petroleum over potential sale | Reuters.