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French oil and gas group Maurel & Prom eyes UK's Amerisur

Mon, 22nd Jul 2019 06:27

July 22 (Reuters) - Oil and gas company Maurel & Promhas made a possible offer worth about 210 millionpounds ($262.5 million) for UK peer Amerisur Resources,which could help the French firm boost its range of assets inLatin America.

Maurel & Prom said on Monday its possible offer was pricedat 17 pence per share for Amerisur, whose shares closed at 16.52pence on Friday.

"M&P sees considerable benefit to shareholders from acombination and believes that the enlarged group would offersignificant value upside for both Amerisur's and M&P'sshareholders," the French company said in a statement.

"The combination would result in a balanced portfolio ofproducing assets, with a wide range of high-impact explorationand development opportunities across Latin America and Africa,"added Maurel & Prom.

($1 = 0.7999 pounds)(Reporting by Sudip Kar-Gupta, Editing by SherryJacob-Phillips)

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