Aradel Holdings Increases Stake in ND Western to 82% in Strategic Acquisition

Aradel Holdings (NGX: ARADEL), a Nigerian energy company, has acquired an additional 40% equity interest in ND Western Limited, boosting its total shareholding to 81.67%. This move, approved by Nigerian regulatory bodies, enhances Aradel's position in the upstream oil and gas sector.

The acquisition aligns with Aradel's long-term strategy to consolidate assets, expand its portfolio, and create sustainable value. With major control over ND Western, Aradel strengthens its presence in Nigeria's energy industry.

The transaction signifies a milestone in Aradel's growth strategy and operational efficiency improvement.