Business
Nigeria’s Forte Oil sells stake to Mercuria for $200m
Published By
pmnews
Date
7th October, 2015
(Reuters) – Nigeria’s Forte Oil said on Wednesday it had sold a 17 percent stake to Mercuria Energy for $200 million to finance growth and working capital.
Forte Oil, which has interests in fuel retailing, oil exploration and power generation, said the investment would give Mercuria, the world’s third largest independent energy trader, an inroad into West Africa’s energy sector.
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