Sovereign Wealth Fund

Qatari fund owned by former Qatar Investment Authority CEO buys Heritage Oil for $1.6 billion

by uk.reuters.com posted 6years ago 524 views
British oil company Heritage Oil HOIL. agreed a 924 million pound ($1.6 billion) takeover offer from a fund owned by the former chief executive of Qatar's sovereign wealth fund. Heritage, whose main oil production is in Nigeria, said on Wednesday it was recommending a 320 pence per share cash offer, which represented a 25 percent premium to its closing price the day before the approach was announced.