Business Magnate, Femi Otedola Sells Forte Oil(AFRICAN EXAMINER) – The Chairman of Forte Oil Plc, Mr. Femi Otedola has announced his resolve to sell all his shares in the firm’s downstream business. Forte Oil gave the hint on divestment Monday by its majority shareholder in a notice signed by its General Counsel, Mr. Akinleye Olagbende. In October 2015, Forte oil announced that the Mercuria Energy Group Holdings SA has acquired 17 per cent of its equity, valued at $200m. The firm then said in a statement that Mercuria Energy had made inroads into the West African energy sector through direct investment in Forte Oil. The firm (Forte Oil), was formerly branded as African Petroleum (AP) Plc.