Oando PLC (“Oando” or the “Group”), Nigeria’s leading indigenous energy group, listed on both the Nigerian and Johannesburg Stock Exchange, has announced a $210 million recapitalization of its downstream operations by HV Investments II B.V., (“HVI”), a joint venture owned by Helios Investment Partners (“Helios”), a premier Africa-focused private investment firm and the Vitol Group (“Vitol”), the world’s largest independent trader of energy commodities (together, the “Consortium”).

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