OREANDA-NEWS. June 24, 2010. Weiss Asset Management, the largest shareholder (29%) of Cadogan Petroleum PLC, had sold its entire stake to Shon Invest for 22.5 GBp/share, London Stock Exchange (LSE) reported June 23. The total cost of the transaction amounts to GBP 15.1mn.

Millennium Capital sees this news as neutral for Cadogan, since it is still to be seen how the new shareholder will interact with the current management of the company.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of tickets selling for its flights due to high arrearage to the creditors of the company.