Our client wishes to dispose of his company,operating in the lucrative Nigerian oil and gas industry. The firm is a pipeline welding,maintenance and servicing firm based in Port Harcourt, Rivers State, Nigeria, with branches in Lagos state and Warri in Delta state, Nigeria.
It presently has a running contracts with Oil majors like NNPC (Nigeria National Petroleum Corporation), NLNG (Nigerian Liquified Natural Gas Company), Elf etc. The company is selling all its running contracts and other properties it owns. The asking price is $42 million.