Brand News

Ardova Plc Positions To Acquire Enyo Retail And Supply Limited

13 January 2021 – Ardova Plc, Wednesday has disclosed that the company has entered discussions pertaining to acquiring Enyo Retail and Supply Limited.

Brand News Day understands that a leading Nigerian integrated energy company and the shareholders of Enyo has stated its position to obtain the retail and supply company.

Enyo is one of the newest and fastest-growing retail and supply companies in the downstream sector. Enyo is a technologically driven player and currently operates over 90 stations across Nigeria attending to over 100,000 retail customers daily across 15 states of the country.

Advertisement

Ardova Plc

This announcement is pursuant to the acceptance in principle of AP’s offer and acquisition framework by the shareholders of Enyo, it is subject to the successful completion of a due diligence exercise and the receipt of all required regulatory approvals.

CEO of AP, Mr Olumide Adeosun, explained that immediately following completion, AP will look to retain the Enyo branded stations which will operate side by side with the AP brand whilst leveraging the strengths of AP and its group companies. He stressed further that parties are committed to concluding the deal by the end of Q1 2021.

Ardova Plc and Enyo Retail & Supply Limited

Ardova Plc and Enyo Retail & Supply Limited will provide further information on progress made on the proposed acquisition.

Facebook Comments
Advertisement
Brand News Day

Recent Posts

LinkedIn Hires Anthony Chavez As Chief Product Officer For Marketing & Sales Solutions In 2026

LinkedIn, the professional networking platform, has appointed Anthony Chavez as its new chief product officer…

1 week ago

Abbey Mortgage Bank Holds 34th Annual General Meeting

Abbey Mortgage Bank Plc has successfully concluded its 34th Annual General Meeting (AGM), reaffirming the…

1 week ago

AMEC Launches GEO Principles To Bring Rigour To AI-led Communications Measurement

AMEC, the International Association for the Measurement and Evaluation of Communication, has launched the AMEC…

1 week ago

Stanbic IBTC Bank Nigeria PMI®: New Order Growth Hits Nine-month High In May

The headline figure derived from the survey is the Stanbic IBTC Bank Nigeria PMI® Purchasing…

1 week ago

How To Create Profitable Ice Cream Business In Nigeria Despite Challenges

Starting an ice cream venture in Nigeria presents strong profit potential for entrepreneurs who can…

3 weeks ago

WARC Unveils Multiplier Playbook: The CMO’s Guide To Integrating Brand And Performance Advertising

May 19, 2026 – There is a “say-do gap” in Brand and Performance Advertising: most…

3 weeks ago

This website uses cookies.