Английская Википедия:Ardova Plc
Шаблон:Short description Шаблон:More footnotes Шаблон:Use dmy dates Шаблон:Use Nigerian English Шаблон:Infobox company
Ardova Plc (formerly Forte Oil PLC) is an indigenous energy group, headquartered in Lagos, Nigeria, with extended operations in Ghana. It operates majorly in the downstream sector of the Nigeria’s Oil and Gas industry, but has diversified its businesses into other sectors of the energy value chain. The downstream division specializes in the distribution of a wide range of petroleum products; Premium Motor Spirit (PMS), diesel, aviation fuel, kerosene, as well as a range of lubricants for various automobiles and machines; distributed mostly to the automobile, industrial, aviation and marine markets.
Acquisition
Energy mogul Femi Otedola was awarded $19 million in an arbitration case regarding the share purchase agreement (SPA) relating to the acquisition of Forte Oil, now Ardova Plc.
The agreement was reached in response to a decision made by the London Court of International Arbitration (LCIA) in October, which mandated that Ignite Investments and Commodities Limited, Chairman Abdulwasiu Sowami of Ardova's special purpose acquisition company, make SPA payments less the sum granted for one of Zenon Petroleum's claims.
Later, the business would argue that Zenon Petroleum had infringed on its warranty with regard to the SPA, which prompted Ignite Investments to file a lawsuit in which it asserted claims against Zenon.
In order to acquire their 25.9% holding (970.7 million shares) and take Ardova private, Mr. Sowami offered minority shareholders N17.38 per share, or N16.9 billion, in February. [1]
History
In 2015 they signed an $83 million contract with Siemens to upgrade the 414 MW plant, the work is due to be completed in 2016[1]
Board of directors
As of 1 September 2023, Forte Oil's directors include:
- Abdulwasiu O. Sowami – Group Executive Chairman
- Moshood Olajide – Chief Executive Officer
- Olusola Adeeyo – Non-Executive Director
- Aniola Durosinmi-Etti – Non-Executive Director
- Aminu Umar – Non-Executive Director
- Alhahi Umaru Sani - Non-Executive Director
References
External links
- Official website Шаблон:Webarchive
- Petroleumafrica.com
- Bloomberg.com
- Insideview.com
- Myfinancialintelligence.com
- Broadstreetlagos.com
- Nigerianbest.forum.com
- Thisdaylive.com
- Английская Википедия
- Oil and gas companies of Nigeria
- Companies based in Lagos
- Companies listed on the Nigerian Stock Exchange
- Non-renewable resource companies established in 1964
- Nigerian brands
- Nigerian companies established in 1964
- Страницы, где используется шаблон "Навигационная таблица/Телепорт"
- Страницы с телепортом
- Википедия
- Статья из Википедии
- Статья из Английской Википедии
