Heirs Energies acquires 20% of French oil firm’s stake in Seplat
Heirs Energies, an indigenous integrated energy company, has acquired the entire 20.07 percent equity stake (120.4 million ordinary shares) previously held by Maurel & Prom S.A. in Seplat Energy Plc.
The deal was conducted at a price of GBP3.05 pence per share, valuing the transaction at approximately $500 million, according to a statement on Wednesday.
The deal comes more than a week after Heirs Energy secured a loan of $750 million from Afreximbank.