Divestment of Shares by ExxonMobil Oil Corporation from Mobil Oil Nigeria Plc

Proshare

Wednesday, October 19, 2016 1:56pm / NSE

Mobil Oil Nigeria Plc has been informed by its majority shareholder, ExxonMobil Oil Corporation that it has agreed, subject to regulatory approvals, to sell its shares representing 60% of Mobil Oil Nigeria's shares to Nipco Investments Limited, a wholly-owned subsidiary of Nipco Plc (both of which are Nigerian companies).

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