Imperial Shares Fall After Rejected Gazprom Offer

UK-listed Imperial Energy has rejected an offer from Russian gas giant Gazprom, sparking a fall in its share price by 13 percent.

Gazprom had been in talks with the company, which recently entered the FTSE 250 Index, to buy a 25 percent stake in the company shares.

Imperial Energy did not say why talks had failed, but did say both parties would work together to find ways to further cooperate in the Russian petroleum industry.

By staff writer