Business
Ministerial Consent for the acquisition of MPNU
Ministerial Consent for the acquisition of MPNU.
About this update from Seplat Energy Plc
[{"type":"text","content":"\n\n \n \n \n \n \nSeplat Energy Plc (\"Seplat Energy\" or the \"Company\")\nMinisterial Consent for the acquisition of MPNU\nLagos and London, 22 October 2024: Seplat Energy Plc, a leading Nigerian energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, is delighted to announce that the Nigerian Upstream Petroleum Regulatory Commission (\"NUPRC\") has confirmed that consent has been granted by the Honourable Minister of Petroleum Resources in Nigeria, President Bola Ahmed Tinubu GCFR, to proceed with the acquisition of the entire issued share capital of Mobil Producing Nigeria Unlimited (\"MPNU\") (\"the Transaction\").\nSeplat Energy sincerely thanks His Excellency, President Bola Ahmed Tinubu GCFR, for granting this approval, and appreciates the support and diligence of the various Ministries and regulators for all the work on this Transaction.\n \nThe Company will now work with all parties to bring the Transaction to completion.\n \nFurther announcements will be made as and when appropriate, in line with regulatory requirements.\n- ENDS -\n \nFor: Seplat Energy Plc\n \n \n \n \nRoger Brown\nChief Executive Officer\n \nEnquiries:\n\n\n\n\n Seplat Energy Plc\n\n\n \n\n\n\n\n Eleanor Adaralegbe,\n\n\nChief Financial Officer \n\n\n\n\n Chioma Afe,\n\n\n Director External Affairs and Social Performance \n\n\n\n\n Edith Onwuchekwa,\n\n\n Director Legal/Company Secretary \n\n\n\n\n James Thompson,\n\n\n Head of Investor Relations \n\n\n\n\n FTI Consulting\n\n\n Ben Brewerton / Chris Liang +44 (0) 203 727 1000 [email protected] &n...