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Rainoil completes acquisition of major stake in Eterna Plc

Rainoil Limited has completed the acquisition of majority shares in Eterna Plc, a publicly listed oil and gas company.

Gabriel ogbechieBunmi agaguNigerian exchange limitedCardinalstone partners limited shareholdersEterna plcRadix capital partnersEnergy sectorLenux integrated resourcesGlobal energy raw materialsEterna plc the companyBoard of the companyMeristem wealth managementRainoil limitedPreline limitedPurchase agreementLenux integrated resources limited

Rainoil becomes majority owner of Eterna Oil after buyout of 61% interest

No mention has been made of the value of the transaction but deals like this often come at a premium to the market price to arrive at fair value for both parties.

Pt mag campaignEterna oil plcCardinalstone partnersRadix capital partnersExchange commissionGlobal energy raw materialsLenux integrated resourcesMeristem wealth managementConsumer protection commissionNigerian exchangeRainoil limitedPreline limitedIntegrated resources limitedGlobal energyRaw materials limitedMeristem wealth management limited

New investor to buy out 61% of shares in oil company Eterna

New investor to buy out 61% of shares in oil company Eterna
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Pt mag campaignEterna plcCardinalstone partnersRadix capital partnersExchange commissionLenux integrated resourcesGlobal energy raw materialsMeristem wealth managementNigerian exchangeIntegrated resources limitedGlobal energyRaw materials limitedMeristem wealth management limitedRadix capital partners limitedCardinalstone partners limitedPreline limited