MCB contributes $120m of $360m to Chappal Energies’ acquisition of ENEC

MCB Joins USD360 Million Bridge Facility for Chappal Energies’ Acquisition of Equinor’s Offshore Assets

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/mcb-joins-usd360-million-bridge-facility-for-chappal-energies-acquisition-of-equinors-offshore-assets/Mauritius Commercial Bank (MCB) has announced its participation in a significant USD120 million portion of a USD360 million senior secured bridge facility, aimed at part-financing the acquisition of Equinor’s offshore infrastructure by Chappal Energies in…

MCB contributes $120m of $360m to Chappal Energies’ acquisition of ENEC

MCB is pleased to announce its USD120m participation in a USD360m senior secured bridge facility to part finance the acquisition of all Equinor’s offshore infrastructure by Chappal in Nigeria. Chappal is an indigenous Nigerian O&G company focused on brownfield upstream opportunities within Africa. The acquisition includes operational rights and a 53.85% ownership in the OML 128 and OML 129 fields alongside a unitized 20.21% stake in the giant o…