Translate

Wednesday 8 July 2015

Helios and Vitol Hold major shares with Onado Oil and Gas


Shobizz Blog - Oando Station



A consortium comprising Helios Investment Partners and The Vitol Group has reached an agreement to acquire 60% of the economic rights and 51% of the voting rights in the West African downstream business of Oando Plc, an integrated oil and gas company with headquarters in Nigeria, for US $276 million.

The pact is subject to regulatory approvals and customary purchase price adjustments, including working capital. The new downstream and retail business will be established as a standalone and independent company to led by a local management team.

Its assets will comprise over 400 service stations in Nigeria with supporting infrastructure, including 84,000 tones of storage and a newly built inbound logistics jetty; as well as complementary businesses, chiefly LPG filling and distribution, lubricants and an interest in a supply and bulk distribution company in Ghana.

The new business will be the second largest downstream company in Nigeria, with a market share of 12%. The Consortium is committed to investing for growth, and working with the experienced and highly skilled local management team to enable the business to capitalise on the 3-5% per annum growth in
Nigeria. It is anticipated that the service stations will retain the Oando brand.
Posted by
Labels: ,

3 comments:

  1. Dr Purva Pius27 April 2018 at 18:09

    Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

    ReplyDelete
  2. bullsindia187@gmail.com18 May 2018 at 06:25


    Do you need a financial help? Are you in any financial crisis or do you need funds to start up your own business? Do you need funds to settle your debt or pay off your bills or start a good business? Do you have a low credit score and you are finding it hard to obtain capital services from local banks and other financial institutes? Here is your chance to obtain a financial services from our company. We offer the following finance to individuals-
    *Commercial finance
    *Personal finance
    *Business finance
    *Construction finance
    *Business finance And many More:
    and many more at 2% interest rate;
    Contact Us Via Email:bullsindia187@gmail.com

    ReplyDelete
  3. bullsindia187@gmail.com18 May 2018 at 06:25


    Do you need a financial help? Are you in any financial crisis or do you need funds to start up your own business? Do you need funds to settle your debt or pay off your bills or start a good business? Do you have a low credit score and you are finding it hard to obtain capital services from local banks and other financial institutes? Here is your chance to obtain a financial services from our company. We offer the following finance to individuals-
    *Commercial finance
    *Personal finance
    *Business finance
    *Construction finance
    *Business finance And many More:
    and many more at 2% interest rate;
    Contact Us Via Email:bullsindia187@gmail.com

    ReplyDelete

Subscribe to: Post Comments (Atom)