July 18 (Reuters) - North Africa focused gas producer SDX (SDX.L) said on Monday a new group of investors holding more than a quarter of the company's capital and led by trading company Aleph planned to oppose its planned merger with Canada's Tenaz Energy (TNZ.TO). The deal, first announced in May, would value Egypt and Morocco focused SDX at about 21.4 million pounds ($25.55 million). Register now for FREE unlimited access to Reuters.com Register"The letter also states that...the group of shareholders led by Aleph intends to vote against the recommended all-share combination with cash alternative between Tenaz and SDX." Shareholder meetings on the merger are planned for July 29. ($1 = 0.8377 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Shadia Nasralla; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Source: The North Africa Journal July 18, 2022 10:35 UTC