Aftermath Of $115.8m Divestment: Oando Gas & Power Now Axxela

Aftermath Of $115.8m Divestment: Oando Gas & Power Now Axxela

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Post Views: 1,534 The management of Oando Gas & Power Limited (OGP), on Sunday announced a change in corporate identity and brand name to Axxela ...

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The management of Oando Gas & Power Limited (OGP), on Sunday announced a change in corporate identity and brand name to Axxela Limited.
This it follows the recent US$115.8m acquisition of a 75% equity stake in the former midstream business subsidiary of Oando PLC by premier Africa-focused private investment firm- Helios Investment Partners LLP (Helios).
Bolaji Osunsanya, Axxela’s Chief Executive Officer described the rebranding initiative as “a reaffirmation of our operational independence as we become sub-Saharan Africa’s preferred and fast growing gas & power portfolio company. It enables us leverage strategic partnerships to deliver value adding energy solutions to our customers, whilst facilitating sustainable economic development in our chosen markets. The change in our corporate identity also gives us the opportunity to re-introduce our business to the market while humanizing the far-reaching impact of our operations.”
In a world of constant re-invention, Axxela, the statement is focused on developing innovative solutions to bridge sub-Saharan Africa’s energy gap. The rebrand illustrates its determination to be an indispensable energy player via its insights-driven approach and inventive team ethos.

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