×

Media Room

ETERNA PLC- PRELINE LIMITED ACQUIRES MAJORITY SHAREHOLDING IN ETERNA PLC

Nov. 5th, 2021 Press Release

We are pleased to announce to all our stake holders and the general public that Preline Limited has completed the acquisition of 60.98% equity stake in ETERNA PLC, thus making it the largest shareholder in our Company,effective 1st November 2021.

ETERNA PLC is an integrated energy company,that retails and distributes petroleum products across the country to Retail,Industrial,Automotive,Marine and Energy customers.The Company has a retail footprint of over 70 active petroleum products retail outlets,world-class lubricants,manufacturing Plant and petroleum storage terminals.

We believe that this transaction takes us a step closer to our vision of becoming Africa’s preferred energy company,and better positions us to take advantage of the opportunities in our industry and create superior value of our stakeholders (customers, staff, communities and shareholders).