Nigeria’s Forte Oil eyes $66 mln share sale


LAGOS, June 19  – Nigeria’s Forte Oil plans a 20 billion naira ($66 mln) share sale to institutional and high net worth investors and has applied for regulatory approval, it said on Monday.

The energy firm said the capital raise will be done as a public offer for shares through a book building process to help price discovery. It has applied to the Securities and Exchange Commission (SEC) and Nigerian Stock Exchange for approval.


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