Seplat Energy said it was eager to conclude its acquisition of Mobil Producing Nigeria Unlimited (MPNU) after President Bola Tinubu granted approval of the deal.
The company said in a statement that it was working with all parties to bring transaction to a speedy conclusion.
“Seplat Energy Plc, is delighted to announce that the Nigerian Upstream Petroleum Regulatory Commission (“NUPRC”) has confirmed that consent has been granted by the Honourable Minister of Petroleum Resources in Nigeria, President Bola Ahmed Tinubu GCFR, to proceed with the acquisition of the entire issued share capital of Mobil Producing Nigeria Unlimited (“MPNU”) (“the Transaction”).
“Seplat Energy sincerely thanks His Excellency, President Bola Ahmed Tinubu GCFR, for granting this approval, and appreciates the support and diligence of the various Ministries and regulators for all the work on this Transaction.
“The Company will now work with all parties to bring the Transaction to completion
“Further announcements will be made as and when appropriate, in line with regulatory requirements.”
