Heirs Energies raises Seplat stake to 4.67% in £53.2m share purchase

Heirs Energies, controlled by Tony Elumelu, acquired 6 million Seplat Energy shares for £53.2m, increasing its stake to 4.67% and combined Elumelu entities' holding to 126.4m shares. This signals continued consolidation of Nigerian energy assets by Elumelu, potentially ahead of strategic moves. The deal is a notable equity transaction in the Nigerian oil and gas sector.