Seplat turns to loans for Eland buy

By Mike Turner
15 Oct 2019

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.

Seplat has offered £1.66 a share for Eland, in a deal that Seplat plans to fund using a mix of its own cash resources and a new loan facility. 

Citi is acting as sole financing advisor to Seplat. 

Citi was a mandated lead arranger in Seplat’s $300m loan refinancing in ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.