AELEX acted legal counsel to Air Liquide Afrique S.A., the French parent company of the global industrial and medical gases group, in connection with the divestment of its 87.31% shareholding in Air Liquide Nigeria PLC to Oak Heirs Limited, a Nigerian family trust.
This significant transaction involved the transfer of controlling interest in Air Liquide Nigeria PLC, a company listed on the NASD OTC Securities Exchange, and marks the final phase of Air Liquide’s strategic exit from selected African markets.
We provided full-scope transactional support, including conducting legal due diligence on the target company’s operations and regulatory standing, advising on the transaction structure, drafting and negotiating the Share Purchase Agreement and ancillary documents, and liaising with the FCCPC, SEC and NASD to obtain all requisite regulatory approvals.
Our M&A team was led by Partners, Chinyerugo Ugoji and Tiwalola Osazuwa; supported by Onyinyechi Chima, Edidiong Antai, Emmanuella Nyong and Michael Aigbe.
We are pleased to have played a key role in delivering a seamless, compliant, and commercially sound outcome for our client, and we remain committed to supporting cross-border transactions that shape the future of business in Nigeria and across the region.
