Sequa Petroleum of the Netherlands has decided not to continue with the acquisition of a 15% stake in the Gina Krog field and a 0.554% stake in the Ivar Aasen field offshore Norway “due to cur- rent market conditions”. “Further to the Notice to Bondholders on 11 April 2016 regarding the company’s US $300m 5% convertible bonds due 2020,?the company has decided not to implement the consent received,?which leaves the bond terms unchanged?and?trading in the bonds will be unblocked before close of trading on today’s date,” Sequa said.
展开▼
