San Leon Energy surges after confirming takeover approach
Shares in San Leon Energy surged over 15% early on Monday, after the oil and gas explorer confirmed speculation over a potential takeover.
FTSE AIM All-Share
741.48
17:09 25/09/24
n/a
n/a
Oil & Gas Producers
8,082.41
16:54 25/09/24
-1.77%
-146.01
San Leon Energy (CDI)
16.50p
17:30 24/06/24
0.00%
0.00p
On Sunday, Irish newspaper the Daily Business Post reported the London-listed group was “being targeted for takeover”.
The company confirmed the speculation on Monday, although it said there was no guarantee a deal will be completed.
“The board of San Leon confirms that it has received an approach from a possible offerer, that may or may not lead to an offer being made for San Leon," it said in a statement.
San Leon shares were up 16.50% to 62.33p at 0903 BST on Monday.