WATCH: Omnia offloads stake in Umongo Petroleum
Business Day TV spoke to Omnia CEO Seelan Gobalsamy about selling the company’s 90% stake in Umongo Petroleum
Omnia has agreed to sell its 90% stake in Umongo Petroleum for R1bn.
The chemicals, fertiliser and explosives group says the proceeds will be used to pursue growth opportunities or return cash to shareholders.
Alishia Seckam spoke to CEO Seelan Gobalsamy about the deal.
Or listen to the full audio
Companies in this Story
Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.
Please read our Comment Policy before commenting.