Fijian Holdings Limited (FHL) said that the plate form is being laid for the takeover of the BP South West Pacific Operations as they await word from their financiers.
FHL Chairman Isoa Kaloumaira confirmed to Fijivillage that some of the members of the India technical team have completed their work and returned to report on the progress to the Hindustani Petroleum Company.
FHL confirmed earlier that the team from India was here to assess FHL's recent business performance.
The acquisition date for the $190 million deal was extended from June to mid July and Kaloumaira said as far as they are aware everything remains on track and if any further extension is required for the acquisition of the deal, the two parties will meet to reach an agreement.
He said they are still awaiting word from a India based company on the loan to seal the deal and he is confident this will come through in due time.
FHL maintains deal to purchase BP
Related Stories
COMPOL urges Lagalaga Sanatan students to value discipline and education
Students of Lagalaga Sanatan Primary School in Labasa have been reminded of the importance of education, discipline and obedience by the Commissioner of Police Rusiate Tudravu. Tudravu spoke to the students during
Heavy Rain Alert remains for Viti Levu, Southern Bua, Cakaudrove, Lau and Lomaiviti Groups
A Heavy Rain Alert remains in force for the Eastern half of Viti Levu from Serua, Namosi through Navua, Suva, Nausori, Tailevu, Naitasiri, Ra, Southern Bua, Cakaudrove, Taveuni, Kadavu, Lau and Lomaiviti Groups and near
Warning letter written to Prof. Narsey – Acting AG
Acting Attorney General Siromi Turaga says a strong warning letter has been written to Electoral Reform Commissioner Professor Wadan Narsey after he came out publicly with the Electoral Reform Commission report recommen
3 Fijian men from KVT gang in Sydney denied bail for AUD$12.5M drugs case
Three Fijians who are alleged to be associated with a gang supplying drugs in Sydney have been refused bail by the court. 28-year-old Eparama Nevale, 28-year-old William Ravoka, and 24-year-old George Sukanaivalu,
Proposed ‘People First’ submits application for registration
The Proposed ‘People First’ has submitted its application for registration to the Registrar of Political Parties, Ana Mataiciwa. Mataiciwa confirms that the FEO is now preparing to publish the party’s applica
Visitor arrivals on track for record year while sugar output drops
Visitor arrivals have recovered following a decline in the first quarter and based on current trends, Fiji is on track to achieve a third consecutive year of record visitor arrivals in 2025. While speaking on the p