Africa Oilfield Logistics Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Africa Oilfield Logistics Ltd Buys 49% Of Ardan Risk & Support For $4 Million-DJ
Dow Jones reported that Africa Oilfield Logistics Ltd said it has bought a 49% interest in Ardan Risk & Support Services for $4 million, satisfied by the allotment of 33 million new ordinary shares at 8 pence each. Ardan is a cash generative oilfields and logistics business with operations currently in Kenya, Ethiopia and Mauritius. Africa Oilfields has been granted exclusivity, for 180 days, to buy the remaining 51% interest in Ardan. Africa Oilfield to provide loan funding to drive growth through increasing Ardan's market share and expansion into new jurisdictions.
Latest Developments for Africa Oilfield Logistics Ltd
- Africa Oilfield Logistics Ltd updates on acquisition of Ardan Logistics Kenya Limited
- Africa Oilfield Logistics Ltd to list on Nairobi Stock Exchange-Reuters
- Africa Oilfield Logistics Ltd announces acquisition of Ardan Logistics Kenya and board change
- Africa Oilfield Logistics Ltd enters framework and option agreement
- Share this
- Digg this