Shares in Tullow climb 11% today

Shares in oil and gas exploration group Tullow Oil today climbed more than 11% after it unveiled plans to buy a bigger South African-based counterpart.

Shares in Tullow climb 11% today
Tue, 04 May, 2004 - 14:25

Shares in oil and gas exploration group Tullow Oil today climbed more than 11% after it unveiled plans to buy a bigger South African-based counterpart.

Stock in London-based Tullow jumped 9.75p to 96.25p after it announced the proposed acquisition of Energy Africa for $570m (€472m).

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CourtsBusinessHeathrowPlace: LondonPlace: West AfricaPlace: Côte d’IvoirePlace: GabonPlace: CameroonPlace: North SeaPlace: PakistanPlace: BangladeshPlace: IndiaPlace: RomaniaPlace: Cape TownPlace: CongoPlace: EgyptPlace: Equatorial GuineaPlace: MauritaniaPlace: MoroccoPlace: NamibiaPlace: SenegalPlace: UgandaPlace: UKPlace: west AfricanPerson: Aidan HeaveyOrganisation: TullowOrganisation: Tullow OilOrganisation: Energy AfricaOrganisation: African Petroleum Investment LtdOrganisation: APILOrganisation: EAGHL
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