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Seplat Energy finalizes acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation
Acquiring Company
Seplat Energy
Acquired Company
ExxonMobil
Lagos
TexasEnergyOil And GasRenewable EnergyWaterBiomass EnergyEnergyOil And GasRenewable EnergyDescription
Seplat Energy, a leading Nigerian energy company, has completed the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation. This transformative acquisition provides significant growth and profitability opportunities for Seplat Energy, with the consideration in cash amounting to $672 million, fully funded by Seplat Energy's cash and available credit facilities.
Fundz sees it the moment Seplat Energy makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Frequently asked
Who acquired ExxonMobil?
ExxonMobil was acquired by Seplat Energy, based in Lagos. The deal was reported on December 12, 2024. Seplat Energy is a leading indigenous Nigerian independent oil and gas company with a strategic focus on Nigeria, listed on the Main Market of the London Stock Exchange and Nigerian Exchange. Seplat Energy is privately held and operates in Energy.
When did Seplat Energy acquire ExxonMobil?
Seplat Energy's acquisition of ExxonMobil was reported on December 12, 2024. Seplat Energy, a leading Nigerian energy company, has completed the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ExxonMobil do?
ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs. It is publicly traded (XOM), operating in Energy, and is based in Texas.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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