Post by Proshare (@Proshare)

Seplat Energy Plc has signed an Agreement with the Nigerian National Petroleum Company Limited (NNPC Limited) for the transfer of a 10% working interest in the NNPC Limited–Seplat Energy Producing Nigeria Unlimited (SEPNU) Joint Venture, in a transaction valued at approximately US$281.6m.

The agreed consideration represents approximately 25% of the gross acquisition price, including any contingent consideration, paid by Seplat Energy Offshore Limited (SEOL) for the acquisition of SEPNU.

https://proshare.co/articles/seplat-energy-signs-us281.6m-deal-to-transfer-10-joint-venture-interest-to-nnpc?menu=Market&classification=Read&category=Mergers

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