The management of Aiteo Group, an energy conglomerate, has denied media reports that it was among the bidders that indicated interest in acquiring the downstream assets of Oando Plc offered for sale.
In a statement yesterday, the company stated that “the Aiteo Group did not bid nor has it indicated any interest to bid for the Oando Plc downstream assets.”
The statement clarified that Mr. Benedict Peters of Aiteo Group “has no intent to purchase the said Oando downstream assets”.
The statement added that “Aiteo is a vertically integrated energy company with strong focus on its upstream business, having consolidated its downstream business in the last 15 years.”
“Aiteo Group is a global conglomerate with vertically integrated energy establishments in power generation, petroleum exploration, production, engineering and field services; and downstream operations within Nigeria and global markets”, the management explained.
The statement disclosed that the group’s vision is to be the largest and most efficient energy company in Africa with unwavering commitment to providing sustainable energy solutions across all spheres.
It further stated Aiteo Group “is on a cause to expand its global footprint and scope of investments into a diversified array of businesses across key economic sectors including Mining, Agribusiness, Financial Services, Power and Infrastructure Services.”
