Heirs Energies acquires Maurel & Prom’s stake in Seplat for $500m

Heirs Energies Limited has acquired the 20.07% equity stake in Seplat Energy Plc previously held by Maurel & Prom (M&P), a transaction valued at approximately $500 million. The stake, comprising 120.4 million ordinary shares, was purchased at GBP3.05 per share.