Announced

Oando to acquire Nigerian Agip Oil Company from Eni for $783m.

Synopsis

Oando, a Nigerian multinational energy company, agreed to acquire Nigerian Agip Oil Company, oil and gas company, from Eni, an energy company, for $783m. “This is a very significant and strategic acquisition for Oando. The Hunton team provided us with excellent advice and support through to completion of this complex transaction. Their commitment to delivering for us and their knowledge of the oil and gas sector, were key to getting us to completion successfully,” Tomi Akpeneye, Oando PLC’s Chief Legal Officer.

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