SINGAPORE (Dec 5): Construction company MMP Resources is diversifying into the natural gas and energy business through the proposed $25 million acquisition of a 50% stake in an operating gas field in the North-West region of the Russian Federation called Asia One.

The vendor is Lloyds Energy who holds 50% stake in a joint venture limited liability company that owns 100% of Asia One.

With the completion of the acquisition, the company will be considered a “mineral, oil and gas company” under the listing rules of the Singapore Exchange.

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