Elumelu Emerges Seplat’s Largest Shareholder In $496m Deal

Renowned entrepreneur and philanthropist, Tony Elumelu, through his investment vehicle, Heirs Holdings, and its subsidiary, Heirs Energies Ltd, has emerged as the largest shareholder in Seplat Energy Plc, following the acquisition of a 20.07 per cent equity stake from Etablissements Maurel & Prom S.A. (M&P) in a deal valued at $496m. The transaction was disclosed […]