Ardova Petroleum in talks to acquire oil and gas retail outlet Enyo Retail and Supply Limited

NIGERIA – Ardova Petroleum Plc (AP), an integrated energy company, has announced plans to acquire oil and gas retail outlet Enyo Retail and Supply Limited. According to a press release, Enyo accepted Ardova’s acquisition offer in a deal that is still subject to completion of a due diligence exercise and the receipt of all required regulatory approvals. This will be the second major acquisition by Ardova Plc after its majority shareholders Prudent Energy Services, using a vehicle Ignite Investments and Commodities Limited, acquired majority shares in Forte Oil Plc from…

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