9 May 2024
Helios to buy 49% of leading Nigerian private distributor
Publication date: 20 September 2016
Gas Strategies Group
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Africa-focused Helios Investment plans to pay USD 115.8 million for a 49% stake in Nigeria’s largest private sector gas distributor Oando Gas and Power (OPG).
Subject to regulatory approval, the deal would leave OPG parent company Oando with a 49% stake, with an unnamed local entity holding the remaining 2%.