Seplat Energy's US$1.3 billion Nigeria deal with ExxonMobil at risk from NNPC pre-emption
Seplat’s transformational acquisition was announced one week ago. Reports of NNPC’s intervention have thrown the deal into uncertainty and could scupper Seplat’s expansion into Nigeria’s offshore. Read our Deal Insight for a detailed analysis of the valuation metrics and to understand: • What the deal could mean for either company? • Why might NNPC be keen to pre-empt? • How would this fit with NNPC’s wider acquisition strategy?