Heirs Energy Acquires $500M Stake in Seplat Energy, Boosting Indigenous Participation in Nigeria's Energy Sector
Heirs Energy, led by Peter Uzoho, has acquired Maurel & Prom's 20.07% stake in Seplat Energy for $500 million. The transaction strengthens indigenous participation in strategic assets and aligns with Africa's energy security goals.
Chairman Tony Elumelu highlights the belief in Africa's ability to manage its resources for long-term investments. The deal showcases African financial institutions' capacity to finance such transactions.
Heirs Energy, a major player in Nigeria's oil and gas sector, aims to contribute to Africa's energy landscape and prosperity.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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