Nigeria’s Forte Oil eyes $66 mln share sale

0
1060

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.

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.