HEIRS ENERGIES UNLEASHES POWER PLAY: SNAPS UP $500M SEPLAT ENERGY STAKE
GREATRIBUNETVNEWS–Heirs Energies expands, solidifying its position in Africa’s energy landscape with a $500m acquisition.
KEY DEVELOPMENTS:
– Strategic Acquisition: Heirs Energies buys 20.07% stake in Seplat Energy Plc from Maurel & Prom S.A.
– Long-term Investment: Heirs Energies commits to driving energy security, industrialization, and shared prosperity in Nigeria and Africa.
– Value Creation: Seplat Energy’s resilient platform poised for growth, with Heirs Energies support.
QUOTES:
– “This acquisition reflects our strong belief in Africa’s ability to own, develop, and responsibly manage its strategic resources.” – Tony Elumelu, Chairman, Heirs Energies
– “It is a long-term investment in Nigeria’s and Africa’s energy future, and aligns with our mission to drive energy security, industrialization, and shared prosperity.” – Tony Elumelu, Chairman, Heirs Energies
– “Seplat Energy has built a resilient, well-governed platform with compelling long term prospects, and we are pleased to support its continued growth and value creation for all stakeholders.” – Tony Elumelu, Chairman, Heirs Energies
He disclosed that the acquisition was boosted by two leading African financial institutions—Afreximbank and AFC—further demonstrating Africa’s capacity to finance its own deals.
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