Nigeria’s integrated oil company, Oando Plc has completed the acquisition of Eni’s subsidiary, Nigerian Agip Oil Company (NAOC), for $783 million.
The company disclosed this in a Corporate Disclosure sent to the Nigerian Exchange Group (NGX) on Thursday by its Chief Compliance Officer, Ayotola Jagun
In the deal sealed at The Peninsula Hotel in London, Oando, which is listed on the Nigerian Exchange Limited and Johannesburg Stock Exchange, will take over the Italian company’s 100 percent shareholding interest in NAOC.
