Ardova Plc-led consortium to acquire 100% of powergas, africa’s largest cng producer

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A consortium led by Ardova Plc, including Diadem Energy and backed by A.P. Moller Capital's Africa Infrastructure Fund I, is set to acquire 100% of Powergas, Africa's largest CNG producer, expanding its energy portfolio in Nigeria.

A.P. Moller Capital today announced that, through its Africa Infrastructure Fund I (“AIF I”), and Impala Energy Holdings (“Impala”), it has entered into an agreement under which a consortium led by Ardova Plc (“Ardova”) and including Diadem Energy (“Diadem”) will acquire Powergas Global Investments Nigeria Limited and Powergas Ebedei Limited (“PEL”), together known as “Powergas”, […] The post Ardova Plc-led consortium to acquire 100% of powergas, africa’s largest cng producer appeared first on Nairametrics.