LONDON (Alliance News) - Riverstone Energy Limited said Friday that directors David Leuschen and Pierre Lapeyre Wednesday bought an indirect holding of 5 million shares in the company as part of its initial public offering through shareholding company Riverstone Holdings II (Cayman) Limited.
Following the transaction, Leuschen and Lepeyre hold a 7% interest in the company.
Riverston is a private investment firm that focuses on energy and power. Shares in the company were trading up 2.1% at 0.745 pence Friday afternoon.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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