Renaissance Africa Energy Holdings has completed its acquisition of Shell’s onshore assets in Nigeria. This transaction involves Renaissance taking over the entire equity holding of the Shell Petroleum Development Company of Nigeria.
The acquisition process began with a sale and purchase agreement signed in January 2024 and has now received all necessary regulatory approvals. The completion of this deal marks a significant shift in the **ownership** and **management** of these key energy assets in Nigeria. This change has the potential to impact local operations and development strategies in the region.
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