Orjiako and Avuru own a significant 6.43-percent and 8.2-percent stake in the leading energy firm, respectively.
Seplat Energy
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The LSE’s statement comes just a few weeks after Orjiako retired as chairman.
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Nigeria rejects proposed acquisition of ExxonMobil assets by Bryant Orjiako’s Seplat Energy
The government cited overriding national interests as one reason for rejecting the $1.58-billion deal.
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Seplat Energy wants Nigerian energy mogul Bryant Orjiako to assist with critical tasks after retirement
Orjiako’s stake in Seplat Energy is valued at $118.5 million.
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Austin Avuru’s gains over $18.5 million in three weeks from stake in Nigeria’s largest energy firm
Avuru owns an 8.2-percent stake in Seplat Energy through his family business, AAH Holdings.
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Avuru is the founder of AAH Holdings, a Lagos-based proprietary investment business.
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Seplat Energy is an independent oil and gas group with active operations and oil assets in Nigeria’s Niger Delta area.
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Seplat Energy Plc is Nigeria’s largest energy group.
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Energy magnate Bryant Orjiako’s Seplat splashes $1.58 billion to acquire ExxonMobil’s Nigerian operations
Orjiako said the proposed purchase is a game changer for Seplat Energy.
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Nigerian magnate Austin Avuru’s Seplat Energy rebounds from loss as revenue surges above $460 million
Seplat Energy is a leader on the Nigerian equity market and in the country’s energy sector.