JUST IN: Seplat Oil set to acquire London-listed oil firm, Eland

Seplat Petroleum Development Company Plc on Tuesday announced that it has agreed to buy Eland Oil & Gas Plc.

Seplat is a leading Nigerian independent oil and gas company listed on both the Nigerian Stock Exchange and London Stock Exchange. The acquisition is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act, the company said.

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