Oando sells 25 pct stake in Nigerian gas company to private equity firm Helios

LAGOS, April 4 (Reuters) – Oando has sold its 25 percent stake in Nigerian gas and power company Axxela to majority investor Helios Investment partners for an undisclosed amount, Axxela said on Thursday.

The private equity firm now owns 100 percent of Axxela following Oando’s divestment, the gas company said. (Reporting by Chijioke Ohuocha; Editing by Alexis Akwagyiram and Kirsten Donovan)

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