By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE) – Oil marketing firm, Forte Oil Plc (FO) on Thursday said it’s in talks to acquire assets of a downstream company, Forte said in a statement to the Nigerian Stock Exchange (NSE).

According to the Nigerian oil marketing giant, discussions on the deal is at its preliminary stages; but needed to inform stakeholders on the proposed acquisition in the interest of full disclosure.

‘’Discussions on the proposed acquisition is still in its infancy, but this announcement on this possible transaction is in the interest of full disclosure and ensuring that as a company, Forte Oil Plc adheres to the highest corporate governance practices and procedures,’’ the company said.

As at the time of filing in this report, InvestAdvocate could not get further details.