{"id":1950,"date":"2014-10-23T13:42:41","date_gmt":"2014-10-23T12:42:41","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=1950"},"modified":"2015-09-07T13:12:35","modified_gmt":"2015-09-07T13:12:35","slug":"africa-oilfield-logistics-completes-acquisition-of-ardan-logistics-kenya-limited","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oilfield-logistics-completes-acquisition-of-ardan-logistics-kenya-limited\/","title":{"rendered":"Africa Oilfield Logistics completes acquisition of Ardan Logistics"},"content":{"rendered":"

AIM listed African focussed support services and logistics company Africa Oilfield Logistics Ltd has announced the acquisition of the entire issued share capital of Ardan Logistics Kenya Limited following shareholder approval being obtained in respect of all the resolutions proposed at the Company’s general meeting held earlier today.<\/p>\n

According to Africa Oilfield CEO Carl Esprey the acquisition gives the company a regional footprint from where it can expand its services.<\/p>\n

\u201cWe now have in place the operational, regional and corporate experience and expertise to rapidly expand our service lines across a broad geographic area, and to bring our turn-key support services to clients operating within the booming East African exploration and development industries, under our new branding of “Atlas Development & Support Services,” He says.<\/p>\n

Esprey adds that the success of the company will be based on its ability to maintain an East African identity while offering its high quality standards of services.<\/p>\n

\u201cCombining this local presence with high quality, international standard services is of fundamental importance to us, and we are committed to this as we seek to grow Atlas Development & Support Services into an industry leader.”<\/p>\n

Africa Oilfield\u00a0Logistics\u00a0was first granted the option to acquire Ardan\u00a0Logistics\u00a0Kenya in March<\/a> following the signing of a framework and option agreement pursuant to which:<\/p>\n

Overseen by Africa Oilfield, Ardan Risk & Support Services would undertake a corporate and contractual restructuring programme to rationalize operational management and implementation, planning and reporting; and a 3-year conditional call option which provides the right, but not the obligation, to acquire 100% of Ardan Logistics Kenya , a separate and new \u2018shell\u2019 company from which the restructured business of Ardan will be operated.<\/p>\n

Later in September<\/a> Africa Oilfield Logistics Ltd announced that the Board has decided to exercise the call option granted to it pursuant to the framework and option agreement\u00a0announced\u00a0on 28 March 2014 to acquire the entire issued share capital of Ardan Logistics Kenya Limited.<\/p>\n","protected":false},"excerpt":{"rendered":"

AIM listed African focussed support services and logistics company Africa Oilfield Logistics Ltd has announced the acquisition of the entire issued share capital of Ardan Logistics Kenya Limited following shareholder … Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":1838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[77,102,178,196,413,1252],"class_list":["post-1950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-africa-oilfield-logistics-ltd","tag-aim-listing","tag-ardan-logistics","tag-atlas-development-support-services","tag-carl-esprey","tag-kenya","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/africa-oilfield-logistics.png?fit=462%2C300&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-vs","jetpack-related-posts":[{"id":2006,"url":"https:\/\/www.oilnewskenya.com\/index.php\/african-oilfield-logistics-limited-rebrands-to-atlas-development-support-services-limited\/","url_meta":{"origin":1950,"position":0},"title":"African Oilfield Logistics Limited rebrands to Atlas Development & Support Services Limited","author":"Samuel Kamau Mbote","date":"November 6, 2014","format":false,"excerpt":"African focused support services and Logistics Company formerly known as Africa Oilfield Logistics Limited announces that it has completed its change of name to Atlas Development & Support Services Limited and effective 28th October. This follows the acquisition of the entire issued share capital of Ardan Logistics Kenya Limited by\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/atlas.png?fit=509%2C322&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1837,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oilfield-logistics-ltd-seeks-to-fully-acquire-ardan-logistics-kenya-limited\/","url_meta":{"origin":1950,"position":1},"title":"Africa Oilfield Logistics Ltd seeks to fully acquire Ardan Logistics Kenya Limited","author":"Samuel Kamau Mbote","date":"September 28, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Africa Oilfield Logistics Ltd has announced that the Board has decided to exercise the call option granted to it pursuant to the framework and option agreement announced on 28 March 2014 to acquire the entire issued share capital of Ardan Logistics Kenya Limited. Exercise of the Call Option\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/africa-oilfield-logistics.png?fit=462%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1770,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oilfield-logistics-limited-to-establish-logistics-hub-in-northern-kenya\/","url_meta":{"origin":1950,"position":2},"title":"Africa Oilfield Logistics Limited to Establish Logistics Hub in Northern Kenya","author":"Samuel Kamau Mbote","date":"September 15, 2014","format":false,"excerpt":"African focussed support services and logistics company Africa Oilfield Logistics Ltd has announced that Ardan Risk & Support Services the Company's primary investment, has entered into a 15 year lease over a sizeable land plot in Northern Kenya, which will be used for warehousing, fuel distribution, cold storage and fleet\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/03\/ardan.jpg?fit=341%2C224&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1903,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oilfield-logistics-ltd-to-dual-list-in-the-nairobi-securities-exchange\/","url_meta":{"origin":1950,"position":3},"title":"Africa Oilfield Logistics Ltd to dual list in the Nairobi Securities Exchange","author":"Samuel Kamau Mbote","date":"October 13, 2014","format":false,"excerpt":"African focussed support services and logistics company Africa Oilfield Logistics Ltd has announced its intention to dual list on the Growth Enterprise Market Segment ('GEMS') of the Nairobi Securities Exchange by way of an introduction and private placing of up to 10% of the Company's enlarged share capital, such private\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/africa-oilfield-logistics.png?fit=462%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1555,"url":"https:\/\/www.oilnewskenya.com\/index.php\/1555\/","url_meta":{"origin":1950,"position":4},"title":"Africa oilfield logistics raises $12 million by share issuance","author":"Samuel Kamau Mbote","date":"August 4, 2014","format":false,"excerpt":"Africa Oilfield Logistics Ltd an African focused support services and logistics company has announced it has conditionally raised approximately US$12.0 million before expenses by way of the issue of 77,800,000 new ordinary shares in the Company at a price of 9.0 pence per share. The proceeds of the fundraising together\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":818,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oilfield-logistics-granted-option-to-acquire-ardan-logistics-kenya\/","url_meta":{"origin":1950,"position":5},"title":"Africa Oilfield Logistics granted option to acquire Ardan Logistics Kenya","author":"Samuel Kamau Mbote","date":"March 28, 2014","format":false,"excerpt":"Africa Oilfield Logistics, the investment company established to invest in the oil and gas logistics support industry in sub-Saharan Africa, has entered into a framework and option agreement pursuant to which: overseen by Africa Oilfield, Ardan Risk & Support Services , the oilfield logistics and support services business with operations\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/03\/ardan.jpg?fit=341%2C224&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=1950"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1950\/revisions"}],"predecessor-version":[{"id":3564,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1950\/revisions\/3564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/1838"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=1950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=1950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=1950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}