AJ Lucas (AJL) has acquired Riverstone’s interest in the UK shale gas explorer, Cuadrilla Resources. As a result, AJL’s holding in Cuadrilla will increase from 47.6% to c 93%. Under the terms of Cuadrilla’s shareholders’ agreement, AJL has offered to acquire the shares of Cuadrilla’s remaining shareholders on the same terms as those being acquired from Riverstone; this step is now underway. The remaining shares are primarily held by current and former Cuadrilla e
06 Feb 2020
AJ Lucas Group - Riverstone’s interest in Cuadrilla acquisition
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AJ Lucas Group - Riverstone’s interest in Cuadrilla acquisition
AJ Lucas Group Limited (AJL:ASX) | 0 0 -2.6% | Mkt Cap: 278.7m
- Published:
06 Feb 2020 - Author:
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AJ Lucas (AJL) has acquired Riverstone’s interest in the UK shale gas explorer, Cuadrilla Resources. As a result, AJL’s holding in Cuadrilla will increase from 47.6% to c 93%. Under the terms of Cuadrilla’s shareholders’ agreement, AJL has offered to acquire the shares of Cuadrilla’s remaining shareholders on the same terms as those being acquired from Riverstone; this step is now underway. The remaining shares are primarily held by current and former Cuadrilla e