XOM - Exxon Mobil's Nigerian Asset Sale To Seplat Nears Completion As Court Case Clears | Benzinga
Seplat Energy stated that it aims to reach a prompt conclusion regarding its acquisition of Exxon Mobil Corporation‘s (NYSE:XOM) Nigerian shallow water oil assets for $1.28 billion.
The state oil company NNPC had earlier contested Exxon’s sale of the assets to Seplat, citing a purported first right of refusal and regulatory issues further delayed the deal, reported Reuters.
On Friday, Seplat Energy expressed that it had been informed about the termination of the court proceedings initiated by NNPCL against MPNU ...