Nipco Plc | Egypt Oil & Gas

Nipco Launches $16m Offer for Mobil Oil Shares

Nipco Plc has launched a $16m offer for the shares it needs to increase its stakes in Mobil Oil to 70% to comply with Nigerian takeover rules.

Nipco Shareholders Approved MobilOil Deal

Shareholders of Nigeria’s Nipco PLC have authorized the company’s board of directors to stand as a guarantor for the acquisition of 60% majority equity stake in Mobil Oil Nigeria.

ExxonMobil to Exit Nigeria’s Downstream

ExxonMobil plans to sell 60% of its equity in Mobil Oil Nigeria Plc (MON) to Nipco Investments Limited, a wholly-owned subsidiary of Nipco Plc.

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