Wale Tinubu’s Oando acquires NAOC from Italian at $783m …C0NTINUE READING HERE >>>
A Nigerian multinational energy company, Oando Plc, has acquired a 100 per cent shareholder interest in the Nigerian Agip Oil Company (NAOC) from Eni, an Italian energy company, for $783 million.
Mr Wale Tinubu, Group Chief Executive Officer of Oando, disclosed this in a notification sent to the Nigerian Exchange Ltd. (NGX) on Thursday in Lagos.
Tinubu said the total amount of the transaction included consideration for the asset and reimbursement.
He stated that the acquisition is a…
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