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Elumelu's Heirs Energies buys £53.2m in Seplat shares

PRIVATEOct 02, 2026

Acquiring Company

Heirs Energies Limited

Acquired Company

Seplat Energy

LagosEnergyOil And GasEnergyOil And GasRenewable EnergyWaterBiomass Energy

Description

Tony Elumelu has acquired an additional £53.2 million worth of shares in Seplat Energy Plc through Heirs Energies Limited. This purchase raises his combined voting interest in Seplat to 21.07 percent. The acquisition comes ahead of Elumelu's planned chairmanship of Seplat, succeeding the current chairman in January 2027.

Company Information

Company

Heirs Energies Limited

About

Heirs Energies Limited is a Nigerian company focused on advancing oil and gas development in the region. They aim to empower indigenous operators while enhancing capacity within the energy sector. The firm emphasizes leadership and innovation in transforming Nigeria's energy landscape. Through partnerships, they seek to promote sustainable development in the industry.

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Frequently asked

Who acquired Seplat Energy?

Seplat Energy was acquired by Heirs Energies Limited. The deal was reported on October 2, 2026. Heirs Energies Limited is a Nigerian company focused on advancing oil and gas development in the region. They aim to empower indigenous operators while enhancing capacity within the energy sector. Heirs Energies Limited is privately held and operates in Energy.

When did Heirs Energies Limited acquire Seplat Energy?

Heirs Energies Limited's acquisition of Seplat Energy was reported on October 2, 2026. Tony Elumelu has acquired an additional £53.2 million worth of shares in Seplat Energy Plc through Heirs Energies Limited. This purchase raises his combined voting interest in Seplat to 21.07 percent. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Seplat Energy do?

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. It is privately held, operating in Energy, and is based in Lagos.

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