Xtract to Take Another 16% in Extrem Energy for Usd4.9m

Summary


MANAVIGATOR-February 12, 2010-Xtract to take another 16% in Extrem Energy for USD4.9m (C)2010 M2 COMMUNICATIONS http:// www.m2.com

British energy investment firm Xtract Energy (LON:XTR) said Friday it has agreed with its Turkish partner Merty Energy to buy a further 16% stake in Merty's Turkish associate company Extrem Energy AS for USD4.9m (EUR3.6m).

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Extract


Xtract to Take Another 16% in Extrem Energy for Usd4.9m

As a result, Xtract's shareholding in Extrem will ...

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