BREAKING: Oando acquires 100% stake in Agip

 

Oando Plc says it has reached an agreement with Eni, on the acquisition of a 100 percent stake in its subsidiary — Nigerian Agip Oil Company Limited (NAOC Ltd).

According to a statement filed on the Nigerian bourse, the completion of the transaction is subject to ministerial consent and other required regulatory approvals.

More to follow…

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