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Archive In M & A
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Markets
ADvTECH Acquires Centurus Colleges For $65.1m.
JSE-listed education and recruitment firm, ADvTECH, on Tuesday said it had acquired 100 percent of Centurus Colleges, which are owned by Nanospan Investments Limited (Nanospan) and Innospan Investments Limited (Innospan) for R712 million ($65.1 million).
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Markets
British Biggest Insurer Deepens Kenyan Presence With Shield Assurance.
Prudential Plc has announced plans to purchase Kenya’s Shield Assurance Co., an investment that represents Prudential’s second acquisition in Africa following the acquisition of LeapFrog Investments’ stake in Ghanaian insurer, Express Life for an undisclosed...
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Markets
Interswitch, Paynet Merge To Create Largest Regional Payment Company.
Kenya’s multi-institutional payments provider, Paynet Group has agreed to merge with Interswitch Transnational Holding to create the biggest payment infrastructure and ensure an easier cross-border payment delivery service across the East and West African region.
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Heritage Bank Deposits Initial 20% For Enterprise Acquisition.
Heritage Banking Company, a Nigerian commercial bank, has forked out the 20 percent initial deposit required by the Asset Management Corporation of Nigeria (AMCON) to secure acquisition rights for the assets of Enterprise Bank.
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Stocks & Bonds
Transcorp Hotels Looks To Raise $49m From IPO.
Nigeria’s hospitality giant, Transcorp Hotels Plc will on September 24 begin an Initial Public Offering (IPO) of 800,000,000 ordinary shares of 50 kobo each at N10.00 per share, which will be listed on the Nigerian...
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Investors
Redefine International Acquires Scottish Hotel For $40m.
Redefine International, the Johannesburg and London-listed income focused UK Real Estate Investment Trust, on Monday said it had acquired Doubletree by Hilton Hotel in Edinburgh’s city center for £25.27 million ($41.3 million).
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Saudi’s Savola Eyes 51% Stake In Egyptian Snack Maker.
Arabian food processing company, Savola Group has moved to acquire a 51 percent stake in Egypt’s sweet snack maker, Bisco Misr as it seeks to deepen its footprint on the emerging continent.
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International
Sanlam Expands Insurance Business In Ghana.
South African financial services group, Sanlam Emerging Markets (SEM) has added short term general insurance services such as vehicle and household insurance, to its life insurance business in Ghana.
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Travel & Tourism
Egyptian Travel Company Acquires Britain’s Mosaic Holidays.
Leading Egyptian global travel company, Sakkara Group International (SGI) has acquired Britain’s tour agency, Mosaic Holidays in a “major investment deal” that will see it expand to other parts of the world.
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Nedbank Exercises Rights To Acquire 20% Of Ecobank.
South Africa’s fourth biggest bank, Nedbank, on Thursday said it had exercised its rights to subscribe for a 20 percent shareholding in West Africa’s lender, Ecobank Transnational.