Volga Gas PLC - oil & gas explorer operating in Volga region of Russia - GEM Capital Holdings Ltd says it has received valid acceptances for Volga Gas takeover offer for 71.5 million shares, equal to 88%. GEM Capital says offer now been extended and will remain open for acceptance until the next closing date, which will be 1300 GMT on January 18.
Current stock price: 22.00 pence
Year-to-date change: down 0.2%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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