Standard Chartered seals advisory deal for Shell gas sale
Standard Chartered has acted as the sole financial adviser to Shell on the sale of its subsidiary, Shell Nigeria Gas Limited, to Vaaris Energy Limited. Read More: https://punchng.com/standard-chartered-seals-advisory-deal-for-shell-gas-sale/
Standard Chartered has secured the financial advisory role for Shell International Limited in the sale of Shell Nigeria Gas Limited to Vaaris Energy Limited. The transaction is projected to be finalized during the first half of 2027. The deal involves one of Nigeria's prominent gas distribution platforms, with Shell having announced its intention to sell the business on October 13, 2026.
Standard Chartered provided comprehensive strategic and financial guidance throughout the transaction, overseeing aspects such as transaction preparation, buyer engagement, deal structuring, negotiations, due diligence coordination, and transaction documentation. The Chief Executive Officer and Head of Coverage for Africa at Standard Chartered, Dalu Ajene, highlighted the significance of Nigeria's gas sector in fulfilling the nation's economic objectives and addressing increasing domestic energy requirements.
Standard Chartered's Head of Mergers and Acquisitions for Africa, Yemisi Deji-Bejide, emphasized the bank's capacity to execute intricate deals by merging international proficiency with local market acumen. The transaction not only supports Shell's portfolio optimization strategy but also creates a platform for the ongoing growth of Shell Nigeria Gas under Vaaris Energy's management.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
