09 Feb 2014
Verod Capital, a Nigeria-based private equity firm, has acquired a minority stake in South Africa-based, upstream oil and gas business, SacOil Holdings. SacOil looks to acquire and develop near production assets across Africa. SacOil aims to build a balanced portfolio of high impact-assets, while seeking partnerships with local and major oil and gas companies having extensive experience in Africa. Financial details of the transaction were not disclosed.
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