African infrastructure fund acquires stake in Nigerian gas company, Seven Uquo

NIGERIA – African Infrastructure Investment Managers (AIIM) has marked its expansion into the Nigerian gas market with the acquisition of stakes in assets owned by Savannah Petroleum for an undisclosed amount. AIIM which did the acquisition through its African Infrastructure Investment Fund 3 said it has bought a 20% stake in Seven Uquo Gas, a company that holds a 40% participating interest and a 100% gas economic interest in the Uquo gas field. AIIM also revealed that it had bought a 20% stake in Accugas, the integrated processing and distribution…

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