Stakeholders criticise Blackstone’s Afren role

By Olivier Holmey
24 Sep 2015

Concerns over a potential conflict of interest in the process for winding up Afren, the oil exploration company, have further irked shareholders, creditors and employees of the firm, still reeling from its sudden collapse at the end of July.

a1423The London-listed company with oil fields in Nigeria went into administration on July 31, just three months after a long drawn out restructuring process was supposed to have put the company on a sustainable footing.

Creditors and shareholders were astonished then that a business which had seemed robust ...

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