Seplat turns to loans for Eland buy
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.
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