BREAKING! Court Stops Lekoil Cayman, Savannah Energy Restructuring Deals

Lekoil Cayman Limited has been stopped from proceeding on the convertible facility agreement (option agreement and the tripartite) with Savannah Energy Investments Limited, a wholly owned subsidiary of Savannah PLC after it was announced February 28, 2022. Lekoil Nigeria, a statement sent to Platforms Africa read, has challenged the takeover move in a suit filed against the London-listed oil firm, Lekoil (Cayman) Limited in a Cayman Islands court. The statement added that an injuction has been given against the restructuring deals. READ ALSO:Lekoil Limited Gets Savannah Investment’s GBP.9m Loan At…

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