Culled—Proshare

February 19, 2020

By Arthur Stevens Asset Mgt

This is to inform you that the Eterna Plc’s Series 2 Commercial Paper from the Company’s NGN10 billion commercial paper programme closes today.

Eterna Plc, established over three decades ago, is one of the leading independent oil & gas downstream companies in Nigeria with low leverage, and stable & experienced management team.

Eterna Plc has a growing distribution network, with retail outlets across key states of the Federation as well as the Federal Capital Territory. Eterna Plc has a good reputation in the market, on the back of its partnership with Castrol- a member of BP group of companies and one of the leading lubricant producers in the world.

In the years ahead, Eterna’s growth strategy is to become an integrated energy company exploring opportunities in the midstream and upstream oil & gas industry. Eterna plans to leverage strategic partnership to strengthen margins in the lubricants sub-segment while improving operating efficiency across business lines.

Please see below the terms of the offer:

For further information; kindly send a request via info@arthursteven.com