Tekedia Forum

Forum Navigation
Please or Register to create posts and topics.

OVH Energy Smiles...Big Salah and Christmas for Oando shareholders

NNPC Limited Acquires OVH Energy

What a nation: "The Nigerian National Petroleum Company (NNPC) has acquired downstream assets of OVH Energy, the company behind the Oando retail brand in Nigeria". I am flummoxed and flabbergasted because category-king companies focus at the upstream of the value chain. Why buy distributors of imported fuel when you can control the refining of those fuels and capture higher margins? Selling fuel can never compound at the scale running a refinery will.

OVH Energy smiles. Hope we will get to know the amount paid to see the dividends coming to OANDO shareholders. Big Sallah and Christmas parties on the way.