Nigerian fuel retailer Nipco launches $16 mln offer for Mobil Oil shares

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Nipco Plc has launched a 4.84 billion naira ($16 mln) offer for the shares it needs to take its stake in Mobil Oil to 70 percent to comply with Nigerian takeover rules, its advisers said on Wednesday.

Nipco’s investment subsidiary bought 60 percent of Mobil Oil Nigeria from Exxon Mobil Corp….

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