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 has challenged the takeover move in a suit filed against the London-listed oil firm, Lekoil (Cayman) Limited in a Cayman Islands court.
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