Lloyds Backs Enquest with Gbp 180m Deal

Summary


LLOYDS Banking Group is leading a GBP 180 million ( dollars 280m) investment into newly listed North Sea oil and gas explorer EnQuest which is expected to embark on an acquisition strategy.

The deal, in conjunction with French bank BNP Paribas, is expected to be announced today and is the biggest in the UK upstream oil and gas sector this year.

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Extract


Lloyds Backs Enquest with Gbp 180m Deal

Bank of Scotland, part of Lloyds, has put the deal together with Scotland's latest listed company, already a membe...

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