Europe's Gabon-exposed stocks hit after military coup

TotalEnergies EP Gabon

30/08/2023 12:59

MILAN, Aug 30 (Reuters) - Shares in European oil
producers, miners and other companies with large exposures to
Gabon plummeted on Wednesday after a military coup raised
concerns over their operations in the African country.
    London-listed oil producer Tullow Oil  TLW.L  fell as much
as 12% in afternoon trading, while French energy companies oil
TotalEnergies Gabon  EGAB.PA  and Maurel et Prom  MAUP.PA  and
miner Eramet  ERMT.PA  all fell over 20% at one point.
    Military officers in oil-producing Gabon said they had
seized power on Wednesday and had put President Ali Bongo under
house arrest, stepping in minutes after the Central African
state's election body announced he had won a third term.

 (Reporting by Danilo Masoni, editing by Alun John)
 ((Danilo.Masoni@TR.com))