An unknown buyer made an offer to acquire Urals Energy Public Company Limited (AIM:UEN) from Fire East Corporation, Alpcot Capital Management Limited and others for £30.9 million on October 14, 2013. As a part of the consideration, the unknown buyer will acquire all outstanding shares of Urals Energy at an offer per share of £0.1225. The offer would be withdrawn if there are any changes to the Board of Urals Energy. The transaction is subject to due diligence. Nick Naylor and Alex Price of Allenby Capital Limited acted as the nominated advisor and broker for Urals Energy.

An unknown buyer cancelled the acquisition of Urals Energy Public Company Limited (AIM:UEN) from Fire East Corporation, Alpcot Capital Management Limited and others on December 19, 2013. Urals Energy received a letter from the third party stating that they have decided not to proceed further with their interest in a possible acquisition.