Global law firm White & Case LLP has advised Seplat Petroleum Development Company Plc (Seplat) on its recommended cash acquisition of Eland Oil & Gas PLC (Eland) for approximately £382 million.
"This acquisition is a significant next step for Seplat to realise its ambition to be the leading independent exploration and production company in Nigeria," said White & Case partner Allan Taylor, who led the Firm's deal team. "It is also further evidence of White & Case's expertise advising on strategic, high profile oil & gas M&A deals."
White & Case partner Mukund Dhar, who leads the Africa interest group at the Firm and advised on the transaction, said: "This deal is another example of White & Case supporting leading Nigerian businesses as part of our long-standing commitment to working in the region."
Seplat is a leading independent oil and natural gas producer in the Niger Delta area of Nigeria and a leading supplier of processed natural gas to the domestic market. It has been fully listed on the Nigerian Stock Exchange and the London Stock Exchange since April 2014.
Eland is an independent oil and gas company focused on production, development and exploration in West Africa, particularly the Niger Delta region of Nigeria.
The White & Case team in London which advised on the transaction was led by partner Allan Taylor and included partners Mukund Dhar, Philip Broke and Ben Wilkinson and associates Christian Holbrook, Emma Roker, Gabriel Onagoruwa, Juanita Derex-Briggs, Man Hay Yip and Alex Field.
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