Otedola Moves To Acquire Forte Oil Upstream, Power Assets - Nairaland / General - Nairaland
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| Otedola Moves To Acquire Forte Oil Upstream, Power Assets by theoilbloc: 6:38pm On Jan 18, 2019 |
Oil magnate, Femi Otedola has said that he is interested in buying out Forte Oil upstream services and power assets. News Agency of Nigeria reports that Otedola had signaled his intention to sell-off his 75 per cent direct and indirect holdings in Forte Oil downstream business. According to the company’s secretary, Mr. Akinleye Olagbende the move followed shareholders’ approval on May 23, 2018, of the divestment of Forte Oil from its Ghana unit AP Oil and Gas and Amperion Power Distribution Company, which holds the group’s interest in Geregu Power Plc. Read more at https://theoilbloc.com/otedola-moves-to-acquire-forte-oil-upstream-power-assets/ |
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