UPDATE 1-Nigeria's Oando to raise $402 mln, sell subsidiaries
November 16, 2015 at 09:06 AM EST
LAGOS, Nov 16 (Reuters) - Nigeria's Oando Plc plans to seek shareholder approval next month to raise up to 80 billion naira ($402 million) through a rights issue and to spin off power and gas subsidiaries, the energy firm said on Monday.
