DLA Piper Africa, Nigeria (Olajide Oyewole LLP) has advised Quest Electricity Nigeria Limited (Quest) on its 60% share acquisition of Yola Electricity Distribution Company (YEDC). YEDC, an energy distribution company headquartered in Jimeta, Adamawa State, distributes power to various areas across Nigeria.
We advised Quest on the structuring, negotiating, documentation and execution of this transaction. Country Managing Partner, Tunde Oyewole commented: “This transaction demonstrates our firm’s continued commitment to the growth and the development of the Nigerian energy sector”.
The team comprised of Nigeria-based lawyers led by Tunde Oyewole (country managing partner, Nigeria) and Dayo Idowu (partner, Finance and Projects) supported by Taiwo Peregrino (senior associate, Finance and Projects) and Oluyemi Oyewole, Oluwamayowa Daodu, Chidimma Iwunze and Paliechi Nonye-Okoronkwo (associates, Finance and Projects)