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NEDP acquires 14% stake in Consolidated Hallmark Insurance at 124% premium

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Niger Delta Exploration & Production Plc (NDEP), Nigeria’s first integrated oil and gas Investment Company, has acquired about 14 percent equity stake in Consolidated Hallmark Insurance at 124 percent premium on the insurer’s traded closing price of 29 kobo as at Friday, Feb. 1. The acquisition by the indigenous oil company is seen to avert…

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