LONDON 13 October, 2009 – Panmure Gordon & Co is pleased to announce that it has acted as broker, alongside Standard Chartered as financial adviser, to Sinochem Resources UK Limited, in its acquisition of Emerald Energy plc for £532.1m.
A FTSE 250 company, Emerald Energy is engaged in oil and gas exploration and production in South America and the Middle East. Sinochem Resources is a wholly owned subsidiary of Sinochem Corporation, which is one of the world’s largest companies and a Fortune Global 500 member.
Panmure Gordon chief executive, Tim Linacre, said: “We are pleased to have been active in one of the largest UK mid cap takeover deals for some time. Sinochem Corporation is China’s largest trading company and Panmure Gordon’s involvement in this transaction demonstrates our ability to assist major international firms in the London market.”
Group Communications Manager
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About the Panmure Gordon Group
Founded in 1876, Panmure Gordon & Co (PMR.L) is a leading independent institutional stockbroker and investment bank. Encompassing its US franchise, ThinkEquity, LLC, the Group employs approximately 250 professionals across the US, the UK and Nyon, Switzerland, offering a blend of transatlantic financial services including research, sales and trading, wealth management and asset management.