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Ophir energy gets takeover interest from Medco Energi

A worker at Ophir Energy site. [Photo: Courtesy]

Britain’s Ophir Energy said on Monday it is in discussions for a possible all-cash takeover offer with a unit of Indonesia’s Medco Energi Internasional Tbk PT.

Ophir, an upstream oil and gas exploration and production company focused on Asia and Africa, has a market capitalisation of 252.5 million pounds ($321.41 million), according to Refinitiv data.

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