Aradel Holdings Increases Stake in ND Western to 82% in Strategic Acquisition
Aradel Holdings, 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.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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