(Alliance News) - Premier Oil PLC said Friday US banking giant Morgan Stanley cut its stake to below 3% in the oil and gas company after a transaction on Wednesday.
Premier Oil said Morgan Stanley had trimmed the stake to below the 3% disclosure threshold, without specifying precisely what stake - if any - had been retained by the bank.
Prior to the transaction, Morgan Stanley held a 5.1% stake in the firm.
Premier Oil shares closed 0.1% up in London at 86.46 pence each on Friday.
By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com
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