South African shareholder firm in Lekoil attempts company take-over

Metallon Corporation Limited, a South African company with a 15 percent stake in Lekoil, an Africa-focused oil and gas exploration, and production company, is said to be plotting a take over Lekoil’s management claiming it is poorly run, though there are questions about its own competence. In November, Lekoil received a letter from Strand Hanson…