Premier & Chrysaor merger gets go-ahead from relevant industry bodies

Premier Oil UK Babbage platform

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PREMIER Oil has revealed its merger with Chrysaor is due to complete on March 31.

Both The UK Oil and Gas Authority and the Mexican Economic Competition Commission has given it approval.

Following the positive creditor vote on February 22, the transaction remains subject to the sanction of Premier’s restructuring plans by a Scottish court.

This is expected to take place on March 19.

If everything is approved by the court it will see Premier’s shares to be readmitted to trading on 1 April as Harbour Energy plc.

 

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