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Nairaland Forum / Nairaland / General / Business / Shell Sales Its' SPDC Stake To Renaissance Africa Energy (110 Views)
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Shell Sales Its' SPDC Stake To Renaissance Africa Energy by standard4living: 6:36pm On Jan 16 |
Menu Search Home Nigeria World Politics Sport Opinion Business Technology Guardian Life Guardian Arts Features Guardian Woman Guardian Angels Property Saturday Magazine By Guardian Nigeria 16 January 2024 | 10:38 am In a game-changing move for the Nigerian oil sector, Renaissance Africa Energy has reached a groundbreaking agreement with Shell to acquire its entire shareholding in The Shell Petroleum Development Company of Nigeria Limited (SPDC). Renaissance is a consortium consisting of ND Western Limited, Aradel Holdings Plc. the Petrolin Group, FIRST Exploration and Petroleum Development Company Limited, and the Waltersmith Group. Shell, on it’s verified X (formerly known as Twitter) account, shared a post confirming the acquisition which is subject to approval by the Nigerian authorities. This landmark acquisition marks a new chapter for both Renaissance and the Nigerian energy landscape, paving the way for exciting developments in the years to come. https://guardian.ng/business-services/renaissance-africa-energy-to-acquire-shells-stake-in-spdc-in-landmark-deal/
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