Eco Atlantic signs MoU to acquire Azinam Group with all offshore assets

LONDON, UK: Eco Atlantic Oil & Gas has signed a Memorandum of Understanding (MOU) to acquire 100% of Azinam Group Limited including Azinam’s entire offshore asset portfolio, in return for a 16.65% equity stake in the enlarged group on completion of the acquisition. Azinam Group is a wholly owned subsidiary of Azinam Holdings Limited (“Vendor”),…