Seplat said it would engage all major stakeholders and the government to complete the transaction without further delay.
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The company said it would engage all major parties and the government to complete the transaction without further delay. Worth $1.3 billion, the acquisition was originally planned to be consummated by mid-2022 but has been slowed by a series of delays.PREMIUM TIMES delivers fact-based journalism for Nigerians, by Nigerians — and our community of supporters, the readers who donate, make our work possible. Help us bring you and millions of others in-depth, meticulously researched news and information.
NNPCL sent an application to a high court in Abuja, requesting that the lawsuit be terminated, according to a report by Bloomberg citing an email from the state-owned oil company’s law firm Afe Babalola. Eni, Shell and TotalEnergies are in the process of selling off such assets but are facing pressures from host communities to clean up the areas affected by the pollution from their operations before exiting.
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