Quest Electricity Nigeria Limited acquires Yola Electricity Distribution Company

NIGERIA – Quest Electricity Nigeria Limited has acquired the Yola Electricity Distribution Company (YEDC) with a bid price of N19 billion (US$46.16m). The Bureau of Public Enterprises (BPE) in a statement by Amina Othman, Head, Public Communications indicated that the Share Sale and Purchase Agreement (SSPA) for the privatisation of YEDC was signed between the agency and the investor. According…

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