By AtlanticDigest.com, Business Report – December 31, 2025
Shares of Seplat Energy Plc (SEPL) experienced a significant rally on the London Stock Exchange (LSE) on Tuesday, closing more than 10% higher mid-session as investors reacted to news of a major change in the company’s ownership structure. t.co
The stock climbed to 284 pence per share, up from the day’s opening price of 266.5 pence, as trading volume expanded substantially, with over 138,000 shares changing hands. This bullish movement reflects renewed market confidence following confirmation of a significant acquisition by Heirs Energies Ltd, a subsidiary of the pan-African investment group Heirs Holdings. t.co
Under the terms of the agreement, Heirs Energies has acquired a 20% stake in Seplat Energy, becoming the company’s largest single shareholder. The deal was reported to be valued at approximately $500 million, marking a major strategic investment in one of Nigeria’s leading energy companies. t.co
According to market analysts, the planned acquisition has not only strengthened investor sentiment but also highlighted Seplat’s expanding role in Africa’s energy landscape. The transaction involved the purchase of the entire 20.07% holding previously owned by French oil and gas firm Maurel & Prom, for roughly $496 million, further solidifying Heirs Energies’ position.
Seplat’s performance prior to the news showed signs of recovery, with the stock rebounding from earlier losses earlier in the year. However, the acquisition appears to have been a key catalyst for the latest surge, with many investors viewing it as a vote of confidence in the company’s long-term prospects. t.co
Market data suggests that, if the current momentum persists, Seplat could maintain elevated levels, potentially closing the session above 280 pence. On the Nigerian Exchange (NGX), the stock reacted differently, with prices showing comparatively muted responses to the development. t.co
Industry observers note that the deal reflects broader trends in African energy investment, as institutional and strategic players seek to bolster positions in resource-driven sectors. Tony Elumelu, Chairman of Heirs Holdings, described the move as a “long-term investment in Nigeria’s and Africa’s energy future,” emphasizing sustained growth and value creation. Seplat’s management also acknowledged Maurel & Prom’s contributions over the last decade as “instrumental in the company’s evolution.” t.co
As Seplat enters 2026 with renewed investor interest, market watchers will be closely monitoring trading activity and the company’s strategic direction under its new ownership dynamics.
