Asian buyers are expected to be particularly interested and could pay approaching $1 billion for Cove’ East Africa portfolio, including its key minority stake in Anadarko Petroleum’s gas-rich Area 1 asset off Mozambique, said some analysts.
Cove, headed by chairman Michael Blaha, initially opened a data room to jettison its 8.5% holding in Area 1 but will now also entertain offers for the entire company.
The
