Aradel Holdings Plc, a listed company on the Nigerian Exchange Limited, has announced the completion of the acquisition of the entire equity holding in the Shell Petroleum Development Company of Nigeria (SPDC) by Renaissance Africa Energy Holdings (Renaissance), a consortium consisting of Aradel Holdings and three other Nigerian independent oil and gas companies.
Key Highlights:
- Aradel Holdings completes landmark acquisition of Shell's Nigerian assets
- Acquisition marks significant step in Aradel's transformation journey and commitment to asset diversification
- Renaissance Africa Energy Holdings, a consortium consisting of Aradel Holdings and three other Nigerian independent oil and gas companies, completes acquisition
- Acquisition highlights vital role of indigenous energy companies in Nigeria's industrialization and development.
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