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Court allows Premier Oil creditors' to vote on planned deals on February 12

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LONDON (Reuters) - Indebted Premier Oil won permission from a court on Thursday to have its creditors vote on planned acquisitions of North Sea assets for around $800 million under a scheme that would allow it to delay debt repayments and issue new shares. Premier Oil said in a statement that it will hold a creditor meeting to vote on the scheme on Feb. 12, with a hearing to sanction the action..
Date Published: Jan 16, 2020
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