Ardova Plc completes 100% acquisition of Enyo Retail and Supply Limited

Ardova Plc completes 100% acquisition of Enyo Retail and Supply Limited

Ardova Plc completes 100% acquisition of Enyo Retail and Supply Limited     Ardova Plc has completed the acquisition of a 100% equity stake in Enyo Retail and Supply Limited. In a notification signed by the company’s secretary, Oladeinde Nelson-Cole, and filed at the Nigerian Exchange Group Limited, the firm revealed that the recent deal followed the execution of a share purchase agreement between the parties involved. Recall that in January, Ardova Plc had announced entering into discussions with the shareholders of Enyo, in a bid to take over the assets of…

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Ardova set to acquire Enyo

Ardova set to acquire Enyo

Ardova set to acquire Enyo   Ardova Plc (AP), a leading Nigerian integrated energy company, and the shareholders of Enyo Retail and Supply Limited (Enyo) have entered discussions relating to AP acquiring Enyo. Enyo is one of the newest and fastest growing retail and supply companies in the downstream sector of the oil and gas industry. Enyo is a technologically driven player and currently operates over 90 stations across Nigeria attending to over 100,000 retail customers daily across 15 states of the country. The announcement of the deal made at…

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