Capricorn Board Selects DNO Offer Over Genel Bid
Source Summary
Capricorn's board has selected DNO's offer over a competing bid from Genel. Both DNO and Genel are partners in a producing oil project in Iraq's Kurdistan and are competing to acquire Capricorn to gain entry into Egypt.
Why it matters
The board's selection determines which company will acquire Capricorn and establish operations in Egypt's oil sector.
