Afren Gets Preliminary Offer from Nigeria's Seplat

Afren Gets Preliminary Offer from Nigeria's Seplat

Oil producer Afren Plc said it had received a preliminary offer for the company from Nigerian oil and gas explorer Seplat Petroleum Development Co Plc .

Afren said Seplat has until Jan. 19 to make a firm offer.

Afren's shares rose 10.5 percent to 50.82 pence on Monday morning on the London Stock Exchange.