Nigeria’s Forte Oil says major investor interested in bid for power unit
LAGOS, Jan 17 (Reuters) – Nigeria’s Forte Oil said on Thursday it will seek a shareholder vote on Feb. 7 to initiate talks about selling its power unit to its major investor Femi Otedola.
Otedola had shown interest in the power asset after it received an “unexpectedly low interest” from a public tender, Forte Oil said in a statement. (Reporting by Chijioke Ohuocha Editing by Alexander Smith)
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