SINGAPORE (Dec 24): Lloyds Energy, which is selling half its stake in a Russian gas field to Singapore Exchange-listed MMP Resources, has emerged as a substantial shareholder of the latter. On Dec 17, MMP Resources announced that Lloyds Energy had bought 34.5 million of its shares from the open market on Dec 14 at an average price of 0.7 cent per share, raising the latter’s total stake from 5.95% to 7.42%, or 173.9 million shares.

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