Nigeria, Jan. 14 -- Seplat Energy Plc has revealed more details of Heirs Energies Limited's acquisition of a 20.07 per cent holding in the oil and gas company.

Heirs Energies, which is chaired by Tony Elumelu, the Chairperson of Transcorp Group and United Bank for Africa, had late last year completed the deal involving the purchase of 120.4 million shares at GBP3.05 per share, valuing the transaction at roughly $500 million.

Afreximbank and Africa Finance Corporation financed the deal.

Heirs Energies bought the stake from Maurel & Prom S.A., a French oil and gas firm specialising in hydrocarbon exploration and production. Seplat is listed on the main market of the London Stock Exchange and on the Premium Board of the Nigerian Exchange ...