This is playing out exactly how I thought. VPE buy a blocking stake of 10% to ensure the deal with ITC goes ahead unimpeded. I am confident we will see VPE end up owning the CSG assets and ITC all the oil assets. Probably an in specie distribution of ITC scrip to VPE holders. It also explains why the VPE price has been weak yet the ITC price strong amid the global panic of the last few weeks. Those thinking VPE will be taking over ITC are dreaming IMO. I may be wrong of course. Only those in the upper echelons of ITC and VPE really know for sure what's going on.
ITC Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held