herald

Sunday 11 December 2016

Petroceltic in funding row

OIL

Activist investor Worldview has resumed its long-running feud with oil and gas explorer Petroceltic, vowing to block a funding round by the Irish firm that is intended to help fund its flagship $2bn (€1.8bn) project in Algeria.

Worldview Capital Management is a Swiss-based hedge fund run by Angelo Moskov and the largest shareholder in Petroceltic with a 29pc stake.

The firm is calling for an emergency general meeting concerning Petroceltic.

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