Metallon calls it quits in Lekoil dispute

  • Date: 01-Sep-2021
  • Source: Energy Voice
  • Sector:Oil & Gas
  • Country:Gulf
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Metallon calls it quits in Lekoil dispute

Miner Metallon has sold off its stake in Lekoil, sparking a near 30% rise in the Nigerian oil company’s share price.

Lekoil reported Metallon’s sale in a filing. Metallon took control of Lekoil in a shareholder vote in January.

The company sold off its 15.1% stake as of August 31.