Forte Oil sold 17 percent of her Stake to Mercuria for $200 Million.

 Nigeria’s Forte Oil said on Wednesday it had sold a 17 percent stake to Mercuria Energy for $200 million to finance growth and working capital.

Forte Oil, which has interests in fuel retailing, oil exploration and power generation, said the investment would give Mercuria, the world’s third largest independent energy trader, an inroad into West Africa’s energy sector.

Source: PM News