PETALING JAYA: A consortium led by Spain’s Compania Espanola de Petroleos (Cepsa) is withdrawing its bid to acquire London-based oil firm Salamander Energy Plc.
The withdrawal of the consortium, which also comprises Jynwel Capital, the Hong Kong-based private equity and investment firm of Malaysian businessman Jho Low (pic), will mean that an earlier deal made between Salamander and Sona Petroleum Bhd would still be intact.
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