CNBC Africa


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

CNBC Africa

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.