Oando divests 60% downstream equity for $461m

Kunle Kalejaye 01 July 2015, Sweetcrude, Lagos – Oando Plc, an indigenous energy group, has agreed to divest 60 percent equity stake of its downstream business to HV Investments, HVI, for US$461 million. HV Investments is a joint venture owned by Helios Investment Partners and the Vitol Group. A statement signed by Oando’s Head of […] More »