Indian company to pay $2.6B for Britain's Imperial

India's state-run Oil & Natural Gas Corp. has agreed to buy Britain's Imperial Energy PLC for $2.6 billion in a cash deal that will help ONGC meet surging fuel demand from its burgeoning domestic economy.

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Imperial Energy confirms new possible 'cash offer'

Independent oil and gas group Imperial Energy Corp. PLC confirmed Monday that it has received an approach regarding another "possible cash offer" for the company.

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THE financial arm of Gazprom, the Russian state-controlled oil giant, has emerged as the mystery bidder that is attempting to buy 25% of Imperial Energy, the embattled London-listed oil company.

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