Tag: cash acquisition
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.
Nigeria’s equities market opened today’s session in green. In market moving news, Crown Flour Mills has acquired Dangote Flour Mills for N120 billion. Seplat Petroleum Development Company says it has agreed to a cash acquisition of the entire issued ordinary share capital of Eland Oil and Gas as well as those to be issued. Moses Hammed, Investment Research Analyst at Investment One Financial Services joins me to discuss these stories.