Heirs Energies, Africa’s leading indigenous integrated energy company, has acquired the entire 20.07% equity stake (120.4 million ordinary shares) previously held by Maurel & Prom S.A. in Seplat Energy Plc (Seplat Energy). The company acquired it at a price of GBP3.05 pence per share, valuing the transaction at approximately US500 million. Commenting on the transaction,
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