A takeover of Etablissements Maurel & Prom SA (MAU) by Royal Dutch Shell Plc (RDSA) would make sense, Investir newspaper reported, citing an interview with Maurel’s chief executive.
“In theory, a Shell offer would make sense,” Jean- Francois Henin told the weekly newspaper after saying last week he wasn’t approached by Shell. A rumored offer price of 19 euros ($24) a share would be a “high” level, according to the CEO. “We’ve always said we would be ready to sell Maurel & Prom under two conditions: The price of course and an assurance to keep all current staff,” he told Investir.
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