Financial Times FT.com

Imperial says takeover by ONGC on track

By Toby Shelley

Published: November 19 2008 08:43 | Last updated: November 19 2008 08:43

Imperial Energy on Wednesday said all the pre-conditions of its £1.4bn takeover by ONGC of India had been satisfied and offer documents would be sent out to shareholders by December 9.

Last week FAS, the Russian anti-monopoly authority, approved the £12.50 a share acquisition that Imperial’s board announced and recommended in late August.

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