They were offered PE for the JV asset. They didn't have the right to PE the company sale in the Netherlands.
PE protocol was followed.
Government approval was required and transaction completed once govt objection period concluded (This was a "change of control" which needed deemed approval not a "transfer of assets" requiring written approval)
Transaction completed and FAR has not escalated to arbitration.
WPL openly touts Senegal Government welcoming and supporting WPL.
FAR have ceased claiming that they are unaware of Senegal Government approval.
The ball is in FAR court. Arbitration if they have a case.
It's good news, page-209
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