Middle East Economic Survey

VOL. LII

No 46

16-Nov-2009

LIBYA

Verenex Confirms LIA Buyout Agreement

Canadas Verenex Energy confirmed on 5 November that it had agreed to the Libyan Investment Authoritys (LIA) offer to buy all the companys shares at a knock-down price, as first announced in September (MEES, 28 September). The agreement, which remains subject to shareholders approval at a meeting scheduled for 11 December, brings the company one step closer to drawing a line under an affair that has...