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 an advisory role in Shell's planned sale of Shell Nigeria Gas Limited to Vaaris Energy Limited. The transaction, set to finalize in the first half of 2027, involves Shell's established gas distribution network serving industrial and commercial customers across Nigeria. Standard Chartered, acting as the sole financial adviser, managed the entire sale process, including strategy, negotiations, due diligence, and documentation.
The bank's CEO and Head of Coverage for Africa, Dalu Ajene, emphasized the importance of Nigeria's gas sector in supporting the country's economic goals and meeting rising domestic energy demand. Standard Chartered's Head of Mergers and Acquisitions for Africa, Yemisi Deji-Bejide, highlighted the bank's capability to execute complex deals by leveraging international expertise and local market knowledge.
The transaction aligns with Shell's portfolio optimization strategy and positions Vaaris Energy to continue developing Shell Nigeria Gas under its management.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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