Acquires 20.7% equity stakes in Seplat Energy.
Heirs Energies Limited has acquired the entire 20.07% equity stake (120.4 million ordinary shares) previously held by Maurel & Prom S.A. in Seplat Energy Plc, in a transaction valued at US$496 million. This acquisition marks a significant milestone in our long-term strategy and further reinforces our commitment to building scale, resilience, and sustainable value across Africa’s energy landscape.
The transaction aligns with Heirs Energies’ strategic objective to deepen indigenous participation in critical energy assets and to strengthen Africa’s capacity to own, develop, and responsibly manage its natural resources. Seplat Energy has established a resilient, well-governed operating platform with strong fundamentals and compelling long-term growth prospects, and we are pleased to support its continued value creation journey.
This landmark acquisition was supported by leading African financial institutions, Afreximbank and Africa Finance Corporation (AFC), underscoring the growing capacity of African capital to finance large-scale, strategic investments on the continent. It reflects confidence in our strategy, our governance framework, and our disciplined approach to capital deployment.
For Heirs Energies, this transaction is a clear affirmation of our long-term vision to drive energy security, industrialisation, and shared prosperity, while operating with the highest standards of safety, governance, and stakeholder responsibility.
As we look ahead, our priorities remain clear: to continue delivering reliable energy, protect long-term value, deepen partnerships, and execute responsibly across all aspects of our operations.
We value your continued partnership and trust, and we look forward to engaging with you as we build the next phase of growth at Heirs Energies.
