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Ardova Plc set to acquire Enyo Retail and Supply

Vanguard News
Ardova Plc set to acquire Enyo Retail and Supply
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Ardova Plc (AP), an integrated energy company, has entered into discussion with Enyo Retail and Supply Limited, a petroleum products distribution firm, for possible acquisition of the later.
AP said in a notice signed by Oladeinde Nelson-Cole, its Ag. Company Secretary/General Counsel, the announcement is pursuant to the acceptance in principle of AP’s offer and acquisition framework by the shareholders of Enyo though it is still subject to the successful completion of a due diligence exercise and the receipt of all required regulatory approvals. ....

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Equities Market Rises Further as Bulls Consolidate Hold

Goddy Egene
The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and Seplat Petroleum Development Company Plc lifted the benchmark index further.
The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 1.54 per cent to close at 40,963.14, while market capitalisation rose by N325.3 billion to close at N21.4 trillion.
Also, volume and value of trading rose 72.9 per cent and 27.9 per cent respectively to 809.4 million shares and N8.9 billion. Year-to-date, the NSE ASI has gained 1.7 per cent.
The bulls clearly dominated the market as 49 stocks gaineds compared with seven price losers. Champion Breweries Plc led the price gainers with 9.8 per cent, trailed by NASCON Allied Industries Plc with 9.7 per cent. Japaul Gold Ventures Plc and AXA Mansard Insurance Plc chalked up 9.4 per cent apiece. ....

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Ardova Plc moves to acquire Enyo Retail/Supply Ltd.

Lagos, Jan. 13, 2021 Ardova Plc (AP), a Nigerian integrated energy company, says it is set to conclude the acquisition of Enyo Retail and Supply Limited (Enyo), as discussions were currently ongoing.
Mr Olumide Adeosun, Chief Executive Officer of AP disclosed in a statement made available to newsmen on Wednesday in Lagos.
Adeosun said that immediately after the acquisition, AP would retain the Enyo branded stations, which would operate side by side with the AP brand while leveraging the strengths of AP and its group of companies.
He also stated: “Both parties are committed to concluding the deal by the end of Q1 2021.” ....

Olumide Adeosun , Ardova Plc , Enyo Retail Supply , Enyo Retail , Supply Limited , Chief Executive Officer , விநியோகி வரையறுக்கப்பட்டவை , தலைமை நிர்வாகி அதிகாரி ,