Seplat Energy says it has completed the acquisition of Mobil Producing Nigeria Unlimited from ExxonMobil.Seplat said it will more than double production and position the company to foster growth and profitability, whilst contributing significantly to Nigeria’s future prosperity.
Seplat said detailed guidance for the enlarged group in 2025 would be provided with Seplat’s full-year 2024 results, expected to be filed in February 2025.As regards the completion of the acquisition of MPNU, Seplat said the listing of its existing ordinary shares on the official list of the Financial Conduct Authority of the United Kingdom is expected to be cancelled with effect from the close of trading later today.
Commenting on the transaction, Udoma Udoma, chairman of Seplat Energy, commended President Bola Tinubu for supporting the transaction, appreciating the support and diligence of the various ministries and regulators for all the efforts to reach a successful conclusion. “Seplat’s mission is to deliver value to all our stakeholders, and we treasure the good relationships we have developed with the Government, regulators, communities and our staff.”On his part, Roger Brown, chief executive officer of Seplat Energy, said the company has achieved a major feat.
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Seplat announces Nigerian govt approval for $1.3bn acquisition of MPNUSeplat Energy Plc has announced that the Nigerian government has finally given consent to its $1.3 billion acquisition of Mobil Producing Nigeria Unlimited (MPNU) assets. The oil company disclosed this in a statement released on Wednesday through its official X account.
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