“Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, agreed to buy Cove Energy Plc (COV) after raising its bid to 1.12 billion pounds ($1.8 billion), securing a stake in gas fields discovered off Mozambique.
Shell increased its offer for Cove to 220 pence a share from 195 pence, matching a rival proposal from Thailand’s PTT Exploration & Production Pcl (PTTEP), the Hague-based company said in a statement today. The board of London-based Cove has agreed to the Shell bid…”
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