Seplat buys Eland Oil & Gas in £382mn deal: Why this analyst thinks it’s a positive move for Seplat

PUBLISHED: Wed, 16 Oct 2019 12:24:15 GMT


Seplat Petroleum Development Company announced that they have reached an agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Eland for about 382 million pounds on a fully diluted basis. To discuss and analyse this acquisition, Janet Ogunkoya, Research Analyst at ARM joins CNBC Africa.

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.