LONDON, June 15 (Reuters) - Turkmenistan-focused oilexplorer Dragon Oil said on Monday it had agreedimproved takeover terms with Emirates National Oil Co (ENOC)after the group increased its offer to buy out the minorityshareholders.
Dragon Oil said ENOC had increased its offer to 750 pence incash per share, valuing the business at around 3.7 billionpounds ($5.75 billion). That would value the shares not alreadyowned by ENOC at around 1.7 billion pounds.
ENOC, which already owns 54 percent of Dragon Oil, had inMay made an offer of 735 pence.
($1 = 0.6436 pounds) (Reporting by Kate Holton, Editing by Paul Sandle)