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Bids, Mergers and Takeovers

Riverstone Energy receives Rock Oil sale proceeds

15 August 2017 08:31

Riverstone Energy has received the rest of the proceeds from its sale of Rock Oil.

The transaction, announced on 5 October 2016, resulted in gross cash proceeds of approximately $230 million, of which $216 million were received in October.

The balance of the $14 million proceeds has now been received following completion of the nine month escrow period.

Riverstone Energy Capital Partners intends to acquire a further £1,102,398 of the company's shares through secondary market purchases at prices below the prevailing published net asset value of the company over a period of up to four months.

At 8:31am: (LON:REL) RELX Plc share price was +7.5p at 1666.5p

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