NNPC Limited Acquires OVH Energy and Apapa SPM Limited
We write to formally notify you, our valued business partner, that OVH Energy Limited alongside our affiliated company, Apapa SPM Limited (together “OVH Energy”) have been acquired by NNPC Limited.
This strategic move aims to create the leading downstream oil and gas company in Nigeria and West Africa, driven by operational efficiency, best in class management and optimised physical infrastructure to deliver premium petroleum products and related services to our customers, in line with global standards.
Our Oando branded retail service stations will be rebranded NNPC, improving the retail footprint of the merged entity and enriching supply chain and product availability across our different locations.
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The merged entity will build on the existing success of OVH Energy and operate model service outlets leveraging OVH’s extensive asset base and commercial capabilities combined with NNPC brand strength. We will continue to invest in networks and upgrades to grow the business.
Until the successful integration of the merger, it is business as usual. Our business will continue to run effectively, and existing contracts and agreements with you will remain the same. We will ensure to keep you updated on the integration process.
These are exciting times for all of us – I believe our transformation into NNPC Retail Limited will be beneficial for our business and the nation, whilst presenting a positive opportunity for our people, customers, and wider stakeholders in the region.
