Seplat turns to loans for Eland buy

Mike Turner

October 15, 2019 02:15 pm

Gas_Pipeline_PA_230x_153 — 16 July 2019, Mecklenburg-Western Pomerania, Anklam: A section of the Eugal natural gas pipeline is laid into the ground with the aid of side tree cranes. In future, the pipeline will transport Russian natural gas from Lubmin in Vorpommern to the Czech Republic. Photo: Stefan Sauer/dpa-Zentralbild/dpa | Stefan Sauer/DPA/PA Images

Nigeria’s Seplat Petroleum is in advanced staged talks for an around £382m cash acquisition of London-listed Eland Oil & Gas, with the buyer partly financing the deal with a new loan.

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Topics

Syndicated Loans Emerging Market Loans Citi Emerging Markets

MT

Mike Turner

Corporate Debt Editor