Norrenberger completes takeover of International Energy Insurance Plc

International Energy Insurance Plc has announced the takeover of the company by Norrenberger. Norrenberger has obtained the approval of the National Insurance Commission (NAICOM) to acquire 100% equity holding in the Company.

 Norrenberger has obtained the final approval of the NGX for the block acquisition of 50.6% equity in the first instance while it has commenced the process of the approval of the Nigerian Securities and Exchange Commission for the Mandatory Takeover Bid to be able to acquire the remaining holdings of the Company.

With the acquisition, Norrenberger will expand and strengthen its business model to improve its solution and service distribution to clients across Nigeria.

Source: Norrenberger completes takeover of International Energy Insurance Plc – StocksWatch (

Related Posts


Business & Economy

Stock Market Review: March 29, 2023

The Nigerian stock market on Tuesday closed on a bearish note as the All Share Index and Market Capitalisation closed at 53,124.63 points and N28.940 trillion respectively. In a stock market review with the MD/CEO of Global View Capital Limited, Aruna Kebira, the following was discussed: Excerpts: • The market on Tuesday continued its southward journey, shedding 1.16%,[…]