Heirs Energies Limited and Heirs Holdings Limited have been welcomed to Seplat Energy Plc as shareholders after acquiring the stakes held by Etablissements Maurel & Prom S.A.
Heirs Energies and Heirs Holdings, both owned by a celebrated former banker, Mr Tony Elumelu, bought the 20.07 per cent equity stake of Manrel and Prom some days ago.
The deals covered a total of 102.4 million shares of Seplat Energy, held by Maurel and Prom, a founding investor of Seplat Energy.
Confirming this transaction, the chief financial officer of Seplat, Ms Eleanor Adaralegbe, in a statement to the Nigerian Exchange (NGX) Limited, said Heirs Energies acquired 86,639,377 ordinary shares of the organisation, while Heirs Holdings purchased 33,760,623 ordinary shares, making them one of the major shareholders of the energy firm.
“M&P was a founding investor in Seplat Energy and remained one of the Company’s largest shareholders until now.
“The company recognises and appreciates the significant role M&P has played in supporting Seplat Energy’s growth and development into a leading independent Nigerian energy company and wishes M&P every success in its future endeavours.
“Seplat Energy is pleased to welcome Heirs Energies Limited and Heirs Holdings Limited as shareholders and looks forward to working together to continue advancing Seplat’s strategic objectives and long-term ambition of becoming a leading African energy champion,” the statement signed by Ms Adaralegbe stated.