EBRD exits Cadogan
19 February 2013
The European Bank for Reconstruction and Development (EBRD) pulled out of its equity investment in Cadogan Petroleum (CAD LN), selling 11.6 mln of the company’s shares at the end of January, Cadogan reported in a Feb. 18 regulatory filing. The EBRD owned a 5.2% stake in the company since Feb. 2007, stating then that it was considering boosting its holding to 10%.
