Seplat Petroleum Development Company Plc (LSE:SEPL) confirms that it made preliminary approach to Afren Plc for a possible business combination. Seplat must either announce a firm intention to make an offer or announce that it does not intend to make an offer by no later than 5.00 pm on January 19, 2015. Tom Reid, Luke Spells, Miguel Azevedo, Hamza Girach from Citigroup Global Markets Limited are advising Seplat.