Heirs Energy Acquires 20.07% Stake in Seplat Energy for $500 Million
Heirs Energy, led by Tony Elumelu, has acquired a 20.07% equity stake in Seplat Energy for around $500 million. This acquisition highlights a strategic shift towards indigenization and sustainable energy development in Nigeria's oil and gas sector.
The move aims to strengthen indigenous participation and accelerate energy development in Nigeria and Africa. The transaction underscores Heirs Energy's long-term strategy to deepen domestic value creation and secure economic benefits within the country.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Heirs Energy Acquires 20.07% Stake in Seplat Energy for $500 Million
Tony Elumelu's Heirs Energy Acquires 20% Stake in Seplat Energy for $500M
Tony Elumelu's Heirs Energy Acquires Major Stake in Seplat Energy for $500 Million
Heirs Energy Secures $750M Financing Deal with Afreximbank for Energy Expansion
Tony Elumelu Joins Seplat Energies Board After Majority Share Acquisition
Heirs Energy Doubles Oil Production to 50,000 BPD in Nigeria, Boosting Energy Security
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
