Hainan Mining's Roc Oil makes offer for Tethys Oil

Tethys Oil AB

13/09/2024 08:29

STOCKHOLM, Sept 13 (Reuters) - Hainan Mining's
 601969.SS  subsidiary Roc Oil has made an offer to buy Tethys
Oil  TETY.ST  in a deal that values the Swedish company at 1.89
billion crowns ($185 million), an independent bid committee of
Tethys Oil's board said on Friday. 
    The committee said in a statement it recommends Tethys Oil's
shareholders to accept the offer. 
    ($1 = 10.2599 Swedish crowns)

 (Reporting by Anna Ringstrom, editing by Stine Jacobsen)
 ((anna.ringstrom@thomsonreuters.com;))