Seplat Plans Dual Listing

Wednesday, March 12, 2014

Seplat is in the midst of making plans to list on both the Nigerian and London stock exchanges. The company plans to raise at least $500 million by floating shares to pay down debt and fund acquisitions.

The company said that future acquisitions would come from divestments by IOCs.

According to reports the company intends to float in June. BNP Paribas and Standard Bank are joint global coordinators, while Renaissance Capital, Citigroup, and RBC Europe are joint bookrunners on the flotation.

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