Eni gets more than 77% of Burren, ending speculation of counterbid

Article Abstract:

Italy's Eni S.p.A. announced that it has assumed control of British rival Burren Energy PLC, acquiring in excess of 77% with a $3.4 bil takeover bid. Eni acquired an almost 25% stake, and its offer for more than 52% in further shares was accepted.

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Eni to buy U.K.'s Burren Energy

Article Abstract:

Italian oil and gas firm Eni S.p.A. will buy UK company Burren Energy PLC in a deal valued at $3.59 bil. The move will increase Eni's African assets and provide entry into Turkmenistan. The offer represents a 33% premium on Burren shares.

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Rosneft wins Yukos's last assets

Article Abstract:

OAO Rosneft, Russia's state-owned petroleum firm, purchased the last of OAO NK Yukos's oil and refining assets for $6.41 bil. The purchase from the bankrupt Yukos has pushed Rosneft to the top of the nation's oil industry.

Russia, OAO NK Yukos, Rosneft

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