(AOF) – The oil group Maurel et Prom confirms having successfully finalized the acquisition of Wentworth Resources Plc announced on December 5, 2022. Following the finalization of the Acquisition, M&P’s share in the Mnazi Bay assets increased from 48.06% to 80%, with TPDC holding the remaining 20%. TPDC, in accordance with the agreement signed with M&P, now has one month to exercise its call option to increase its stake from 20% to 40%. The resulting shares in the Mnazi Bay assets would be 60% for M&P and 40% for TPDC.
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