Indonesia's Medco Energi gets more time to make offer for Ophir

By Reuters

Published on 28/01/2019 - 12:04•Updated 19/04/2024 - 05:33

(Reuters) - Ophir Energy Plc said Indonesian oil and gas group Medco Energi Internasional Tbk PT got more time to make a firm offer for the company or walk away.

Ophir, which earlier rejected Medco's $437 million (332.22 million pounds) potential buyout offer, said Medco must now make a firm offer for it by Jan. 31.

(Reporting by Sangameswaran S in Bengaluru; Editing by Gopakumar Warrier)

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