Aradel Holdings Plc (formerly NDEP), one of Nigeria’s major integrated indigenous energy Companies, listed on the NASD Exchange and the FMDQ, has confirmed its acquisition through Aradel Energy Limited of an equity interest in Shell Petroleum Development Company (SPDC) Limited, Nigeria.
According to the company, this acquisition is premised on the signing of a landmark transaction between Renaissance Africa Energy Company Limited, and Shell International PLC to acquire its 100 percent shareholding in the SPDC. Read more