FIL Cuts Stake In Savannah Petroleum From 7.3% To Below 5% (ALLISS)

LONDON (Alliance News) - Oil and gas company Savannah Petroleum PLC said on Tuesday FIL Ltd ...

Alliance News 13 February, 2018 | 4:07PM
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LONDON (Alliance News) - Oil and gas company Savannah Petroleum PLC said on Tuesday FIL Ltd reduced its stake in the company to below 5% in a transaction on Friday last week.

Prior to the transaction, FIL - part of the Fidelity Investments group of companies - held a 7.3% interest in Savannah.

Savannah's shares were trading 1.6% lower on Tuesday at 6.00 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Savannah Petroleum PLC 32.50 GBX -5.80 -
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