**Major Stake Transfer: Maurel & Prom Divests 20.07% of Seplat Energy to Heirs Holdings Subsidiary**
In a significant energy sector transaction, French oil and gas company Etablissements Maurel & Prom S.A. has agreed to transfer its substantial shareholding in Seplat Energy Plc to Heirs Energies Ltd., marking a strategic shift for both the seller and the acquiring entity.
**Transaction Details and Valuation**
The binding agreement sets the acquisition price at 305 pence per share for the 120.4 million shares held by Maurel & Prom, representing a 20.07% stake. The total deal value stands at $49
In a significant energy sector transaction, French oil and gas company Etablissements Maurel & Prom S.A. has agreed to transfer its substantial shareholding in Seplat Energy Plc to Heirs Energies Ltd., marking a strategic shift for both the seller and the acquiring entity.
**Transaction Details and Valuation**
The binding agreement sets the acquisition price at 305 pence per share for the 120.4 million shares held by Maurel & Prom, representing a 20.07% stake. The total deal value stands at $49