Metallon calls it quits in Lekoil dispute
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.