Heirs Energy Acquires 20.07% Stake in Seplat Energy for $500 Million
Heirs Energy Limited, led by Tony Elumelu, has purchased a 20.07% stake in Seplat Energy Plc from Maurel & Prom for around $500 million. This acquisition reflects Heirs Energy's commitment to Africa's energy sector and aligns with its mission for sustainable resource management.
The deal is supported by African financial institutions like Afreximbank and AFC, showcasing Africa's financial capacity. Heirs Energy operates in Nigeria's Niger Delta, producing oil and gas, contributing to the region's energy needs.
Seplat Energy focuses on oil and gas exploration and production primarily in Nigeria.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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