Path Investments sells Turkish assets to Server Fatih Alpay
Source - SMW
Path Investments said it had agreed to sell its Turkish oil and gas assets to businessman Server Fatih Alpay for £400k.
In addition, Alpay had transferred his 357,412 Path shares to the Company to be held in treasury and his 357,412 deferred shares to the company for cancellation.
'This transaction marks the welcome withdrawal of our oil and gas interests in Turkey,' chief executive Christopher Theis said.
'Our attention is now focussed on completing our acquisition of ARC Marlborough that we announced on 18 January 2019.'