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New Deal


Announced

Completed

Seplat Energy completed the acquisition of the Nigerian assets of ExxonMobil for $1.58bn.

Financials

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Transaction Value£1,176m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Domestic

Single Bidder

Acquisition

Majority

energy provider

Private

Nigeria

Integrated Oil and Gas

Infrastructure

Completed

Synopsis

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Seplat Energy, a Nigerian energy supplier, completed the acquisition of the Nigerian assets of ExxonMobil, an oil and gas company, for $1.58bn. "This transaction underpins Seplat Energy’s drive to be a leader in the growth of the indigenous independent energy sector in Nigeria," Roger Brown, Seplat Energy CEO.

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