Ardova Plc’s Acquisition Of Enyo Retail and Supply Limited

Herbert Smith Freehills has advised Enyo Retail and Supply Limited Holding and certain of its shareholders on the deal. Olaniwunajayi advised on the nigerian aspects of the deal.

Ardova Plc acquired 100% of the share capital in Enyo Retail and Supply Limited.

The transaction remains subject to regulatory approval.

Ardova Plc is an indigenous energy group, headquartered in Lagos, Nigeria, with extended operations in Ghana.

Established in 2017, Enyo is one of the leading downstream oil and gas players in Nigeria. The company operates over 90 fuel stations across Nigeria attending to over 100,000 retail customers daily across 15 states of the country.

The Herbert Smith Freehills team was led by Paris energy partner and global co-head of the Africa practice, Nina Bowyer (Picture), who was supported by senior associate, Jeremy Griffin and associate, Chloë Stonex. Olaniwunajayi, a leading Nigerian law firm, provided Nigerian law support on the transaction.
Involved fees earner: Nina Bowyer – Herbert Smith Freehills; Jeremy Griffin – Herbert Smith Freehills; Chloé Stonex – Herbert Smith Freehills;

Law Firms: Herbert Smith Freehills;

Clients: Enyo Retail and Supply Limited;

Author: Federica Tiefenthaler