Heirs Energies Acquires 20% Stake in Seplat Energy from French Oil Firm

Heirs Energies Acquires 20% Stake in Seplat Energy from French Oil Firm

Heirs Energies, an indigenous integrated energy company, has acquired the entire 20.07 percent equity stake previously held by French oil firm Maurel & Prom S.A. in Seplat Energy Plc.

The acquisition covers 120.4 million ordinary shares and was executed at a price of £3.05 per share, valuing the transaction at approximately $500 million.

Heirs Energies Acquires 20% Stake in Seplat Energy from French Oil Firm

Heirs Energies, an indigenous integrated energy company, has acquired the entire 20.07 percent equity stake previously held by French oil firm Maurel & Prom S.A. in Seplat Energy Plc.

The acquisition covers 120.4 million ordinary shares and was executed at a price of £3.05 per share, valuing the transaction at approximately $500 million.