Max Petroleum succeeds in resetting loan covenants - Up for sale - TopicsExpress

Max Petroleum succeeds in resetting loan covenants - Up for sale Max Petroleum (LON:MXP) said the proposed cash injection deal with AGR Energy remains the only one on the table. AGR Energy, a vehicle owned by the Assaubayev family, is proposing to take a 51% stake in Max by subscribing for shares at 1.64p in a deal that will raise around £37.1mln (gross) for Max. Max announced a strategic review and effectively put itself up for sale back in July, but it said on Monday ... ow.ly/2PIyED

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