Centurion Law Group, a pan-African corporate law conglomerate, has announced plans to pursue a public listing.
A listing refers to a company’s shares being on the list of stocks that are officially traded on a stock exchange.
The South Africa-based entity is set to become the first African legal and energy advisory firm to be publicly-listed this year, as it prepares to join one of Europe’s leading stock exchange.
“This represents a natural step for Centurion given the group’s strong market share within the oil & gas sector in sub-Saharan Africa and its increased activity,” the firm said in a statement issued this week..
In 2018, Centurion acquired another firm, MANI-African Lawyers on Demand to launch Centurion Plus, Africa’s leading flexible legal services model that offers cost savings and efficient flexible legal services across the continent. Through Centurion Plus, corporate clients throughout Africa can select from a pool of approximately 190 carefully vetted, on-demand attorneys for temporary and project-based legal services.
“Centurion has always differentiated itself by its ability to adapt to change, get the deal done and being pan-African and Pro-African,” explained the group’s CEO, NJ Ayuk.
“The African legal market has changed a lot and we are proud to be a leader for legal transformations in Africa. We are looking at being listed in a few months and are truly excited about this new phase of growth for the company and for our clients,” he said.
Centurion boasts extensive experience in the oil and gas sector. The group provides outsourced legal representation and covers a full suite of practice areas for its clients, including arbitration and commercial litigation, corporate law, tax and anti-corruption advisory and contract negotiation.
The group has offices and affiliates in Ghana, Cameroon, Congo, Equatorial Guinea, South Africa, South Sudan, Nigeria, Gabon, Angola and Senegal.