Recent events
Recent events tied to this brand in public sources.
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2026
Aradel Energy completes acquisition of additional 40% equity interest in ND Western
Aradel Holdings Plc's wholly-owned subsidiary Aradel Energy Limited completed the acquisition of an additional 40% equity interest in ND Western Limited from Petrolin Trading Ltd, raising its shareholding in NDW from 41.67% to 81.67% and making NDW a subsidiary of Aradel Energy Limited. The transaction received all requisite regulatory approvals, including from the Nigerian Upstream Petroleum Regulatory Commission and the Federal Competition & Consumer Protection Commission.
2026
Aradel completes acquisition of additional 40% equity interest in ND Western
Aradel Holdings Plc announced that its wholly-owned subsidiary, Aradel Energy Limited, completed the acquisition of an additional 40 per cent equity interest in ND Western Limited from Petrolin Trading Ltd, following fulfilment of all regulatory and contractual conditions precedent. The transaction, previously announced on 24 October 2025, increased Aradel Energy's shareholding in NDW from 41.67 per cent to 81.67 per cent, making NDW a subsidiary of Aradel Energy Limited, and raised Aradel's total indirect ownership in Renaissance Africa Energy Company Limited from 33.3 per cent to 53.3 per cent.