Dana Gas is possible target for Vallares

Dana Gas, the Abu Dhabi listed oil and gas company, has emerged as one of the possible bid targets for Vallares, the £1.35bn acquisition vehicle backed by Nat Rothschild and Tony Hayward that was listed on the London Stock Exchange last month.

Representatives of both companies met in recent months, but prior to the IPO, according to people with knowledge of the meeting. Vallares is understood to have been particularly interested in Dana’s upstream gas assets in Egypt and Kurdistan.

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