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Client Work

Oando Plc acquires majority interest in Equator Exploration Limited

Fasken
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Overview

Client

Confidential Client

In September 2009, Oando plc, an oil company quoted on the Nigerian and Johannesburg Stock Exchanges, acquired a majority interest in Equator Exploration Limited ("Equator"). The transaction involved complex restructuring and refinancing involving the acquisition of debt worth over US$100 million owed by Equator. Fasken Martineau LLP advised Oando plc in this transaction with a team led by Yomi Akinjide and David Smith.

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