Shares in London - based investment International rose by as much as 15 % after it was announced the company was in early - stage merger talks with Kuwait Energy . Both firms said no deal was guaranteed . Last ##ally , Kuwait Energy abandoned its plans for a $ 150 m initial public offering and saw the departure of CEO # Akbar . In 2018 , it said it was " still looking " to invest in equity .
Shares in London-based Soco International rose by as much as 15% after it was confirmed the company was in early-stage merger talks with Kuwait Energy. Both firms said no deal was guaranteed. Last year, Kuwait Energy abandoned its plans for a $150m initial public offering and saw the departure of CEO Sara Akbar. In September, it said it was "still looking" to list in London.