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Maurel & Prom Exits Seplat Energy Stake

MT Newswires·12/31/2025 02:37:22
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02:37 AM EST, 12/31/2025 (MT Newswires) -- Etablissements Maurel & Prom (MAU.PA) agreed to sell its 20.07% shareholding in Seplat Energy (SEPL.L) to Heirs Energies for $496 million, according to a Wednesday release. Under the deal, the oil and gas exploration and production company will pay $248 million upfront, with the remaining amount due within 30 days. Subject to share price performance in the next six months, an additional $10 million could be payable. Maurel & Prom is Seplat Energy's largest shareholder.