Seplat Power Plc (SEPL) jumped greater than 10% on the London Inventory Alternate mid-trading on thirty first December 2025, reaching 284 pence.
The inventory, which opened at 266.5 pence, has seen over 138,000 shares commerce palms as traders reply to a serious possession improvement.
Market sources reveal that Heirs Energies has acquired a 20% stake in Seplat Power for $500 million, making it the corporate’s single largest shareholder.
Beneath the settlement, French oil and gasoline firm Maurel & Promenade (M&P) bought its whole 20.07% holding in Seplat to Heirs Energies Ltd for a complete consideration of $496 million.
M&P disclosed on 31 December 2025 that 120.4 million shares had been bought at 305 pence every, a premium to the present market worth, a transfer possible driving immediately’s market response.
What the charts are saying
In line with dealer information, Seplat Power Plc (SEPL), listed on the London Inventory Alternate, is at the moment buying and selling at 284 pence, and will shut above the 280 pence stage if the present momentum continues.
Market exercise has surged, with over 138,000 shares altering palms, in comparison with simply 36,000 shares traded throughout your complete session on 30 December 2025.
The inventory started the 12 months at 199 pence, gaining 3.08% in January. Nevertheless, unfavourable worth motion in February and March pushed it all the way down to 173 pence.
The second quarter noticed a robust restoration, with a 34.87% acquire, closing H1 at 234 pence.
To this point in H2, SEPL has risen over 20%, giving it a year-to-date acquire of greater than 45%, because it trades above the 280-pence stage on the again of the latest acquisition information.
In the meantime, SEPLAT shares on the Nigerian Alternate (NGX) are but to react.
What to know
The deal includes an upfront fee of $248 million, with the remaining steadiness due inside 30 days, secured by an irrevocable letter of credit score.
- An extra $10 million in contingent consideration could also be payable relying on Seplat’s share worth efficiency over the following six months.
- The customer, Heirs Energies, is a subsidiary of Heirs Holdings, a pan-African funding firm recognized for long-term strategic investments throughout sectors.
- This transaction marks a serious shift in Seplat’s possession construction and displays broader adjustments in Nigeria’s vitality funding panorama.
Feedback
The deal has attracted consideration from key stakeholders, highlighting its significance for Seplat’s possession and the broader Nigerian vitality sector.
Tony Elumelu, Chairman of Heirs Energies, described the deal as “a long-term funding in Nigeria’s and Africa’s vitality future, supporting Seplat’s continued development and worth creation for all stakeholders.”
Olivier de Langavant, CEO of Maurel & Promenade, famous their position in Seplat’s improvement, saying “we’re proud to have supported Seplat’s journey over the past fifteen years and its transformation into a number one vitality firm in Nigeria.”
The deal successfully positions the group as one of many largest built-in vitality corporations in Africa.
Be First to Comment