LONDON (Alliance News) - Volga Gas PLC Thursday said it is to conduct a formal sale process after exploring its strategic options.
It said potential bidders should contact Russian financial group Otkritie.
Oriel Securities Ltd is acting for Volga Gas.
The company didn't give any other details, or say why it has decided to seek a takeover.
Volga Gas shares were Thursday quoted at 129 pence, up 10.7%.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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