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Home Industries Corporate deals

Deal: Oando Raises $1.5Billion To Acquire Conocophillips Nigerian Assets

Nairametrics by Nairametrics
June 18, 2013
in Corporate deals
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Oando has expressed readiness to acquire  ConocoPhillips Nigerian assets as the company raises the necessary  finance for the $1.79 billion (1.17 billion pounds) deal.

The company’s chief executive, Wale Tinubu, disclosed that Oando, having already raised the additional equity needed with a rights issue, now also has agreed in principle to pay the necessary debt.

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