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Zenith Energy announces cooperation agreement for new acquisitions in MENA region

Zenith Energy, international oil & gas production company focused on pursuing African development opportunities announced it has entered into a cooperation agreement (CA) with Fleet Oil & Gas, a privately owned oil and gas company led by the former Egyptian Petroleum Minister, Eng. Mahmoud Latif Amer.
Fleet is headquartered in Dubai, United Arab Emirates and has a representative office in Cairo, Egypt. The purpose of the CA is to jointly identity and pursue oil and gas production and exploration acquisitions in the Mediterranean, the Middle East and Africa.
Under the terms of the CA, Zenith and Fleet (collectively, the Parties ) will jointly identify certain potential acquisition opportunities ( Potential Acquisitions ) and conduct due diligence on any transaction that is deemed to be a suitable potential acquisition. In the event a Potential Acquisition is mutually approved and taken forward following the completion of a satisfactory due diligence exercise, the ....

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UK TRADING UPDATE SUMMARY: Schroder Funds Watch US Ban On China Deals

UK TRADING UPDATE SUMMARY: Schroder Funds Watch US Ban On China Deals
Mon, 11th Jan 2021 19:41
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Schroder AsiaPacific Fund PLC - investment firm focused on capital growth through investment primarily in equities of companies located in the continent of Asia excluding the Middle East and Japan - Says, alongside, Schroder Asian Total Return Investment Co PLC, will abide by US executive order which prohibits US persons from engaging in any transaction in publicly traded securities in Communist Chinese military companies, which will first become effective on January 11. Schroders, the company s investment manager, as a group complies with US Sanctions and hence will be taking steps to comply with the executive order. The board and investment manager are closely monitoring this matter as it continues to evolve. None of the compan ....

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