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Thursday, December 14, 2017

Nigeria's Caverton Eyes Fresh Capital after $197m Stock Listing

Posted by May 15, 2014

Nigerian oil services firm Caverton plans to start the process of raising fresh equity by the fourth quarter after its $197 million stock market listing next Tuesday, the company's chief executive told Reuters on Thursday.

Caverton, which provides marine and aviation services to multinational oil companies including Shell, Total and Addax, plans to list 3.35 billion ordinary shares on the Nigerian bourse at 9.50 naira per share.

(Reporting by Chijioke Ohuocha; Editing by Bate Felix and David Evans)

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