The Significance of Serial Investor Tony Elumelu's Involvement in Seplat
By Cerutti Media " Tony Elumelu's investment in Seplat Energy is a powerful statement of confidence in Nigeria's energy potential and Africa's ability to drive its own growth. It's a testament to his strategic vision and commitment to unlocking the continent's economic potential." - Barr Solomon Abimiku, legal practitioner & Tin Miner Nigerian businessman Tony Elumelu's Heirs Energies has made a significant move in the energy sector, acquiring a 20.07% stake in Seplat Energy Plc for nearly $500 million. This deal marks one of the largest local investments in Nigeria's energy sector in recent years, showcasing Elumelu's confidence in Africa's energy potential. The acquired shares, previously held by French oil producer Maurel & Prom, total 120.4 million ordinary shares, valued at $4.09 each. This acquisition makes Heirs Energies the single largest shareholder in Seplat Energy, a leading energy firm ...