Deal Announcement
We’re proud to help our clients achieve their transaction goals faster and on more favourable terms.
PwC Nigeria is pleased to have advised Renaissance and its shareholders on the execution of a Share Purchase Agreement to acquire the entire shareholding in The Shell Petroleum Development Company of Nigeria Limited (SPDC). SPDC is Africa’s largest diversified energy business.
Renaissance is a consortium consisting of ND Western Limited, Aradel Holdings Plc, The Petrolin Group, FIRST Exploration & Production Company Limited and the Waltersmith Group.
PwC acted as M&A / Financial and Tax Advisor on all aspects of this landmark transaction valued at $2.4bn.
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