Private investment fund Remus Horizons has pulled out of a takeover attempt of Australian junior Far Ltd, which would have seen it gain a stake in the Sangomar oilfield development off Senegal.
It was revealed last week that Remus had notified Far of its intention to launch a A$209.6 million (US$161.7 million) takeover offer, conditional on Far not proceeding with the sale of its stake in the Sangomar development to operator Woodside.
