Morgan Stanley Cuts Stake In Premier Oil To Below 3% From 5.1% Prior

Fri, 25th Oct 2019 17:32

(Alliance News) - Premier Oil PLC said Friday US banking giant Morgan Stanley cut its stake to below 3% in the oil and gas company after a transaction on Wednesday.

Premier Oil said Morgan Stanley had trimmed the stake to below the 3% disclosure threshold, without specifying precisely what stake - if any - had been retained by the bank.

Prior to the transaction, Morgan Stanley held a 5.1% stake in the firm.

Premier Oil shares closed 0.1% up in London at 86.46 pence each on Friday.

By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com

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