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LONDON (Alliance News) - San Leon Energy PLC Monday said it has been approached about a potential takeover offer for the company.
The Irish oil and gas company with assets in Europa and North Africa confirmed press speculation about a potential offer, but said there is no guarantee a deal will be completed. No details about the approach were released.
Irish newspaper the Daily Business Post reported on Sunday that San Leon was "being targeted for takeover".
http://www.businesspost.ie/#!search/san%2520leon
"The board of San Leon notes the takeover speculation regarding San Leon in yesterday's press. 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.
A further announcement will be made "when appropriate", it added.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
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