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Archive In M & A
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Markets
Singapore’s Temasek Bets More On African Market.
Singapore’s state investment company, Temasek, has invested $150 million in Nigeria-based oil and gas group Seven Energy, making it one of the company’s largest shareholders.
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Markets
Diageo Plans $1.9bn Majority Stake In India’s United Spirit.
World’s largest alcoholic beverages provider, Diageo has set sights on acquiring a stake in India’s United Spirits Ltd, reserving a $1.9 billion capital for a proposed bid in the country’s largest spirit maker.
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Stocks & Bonds
Kenya’s TransCentury Predicts 25% Profit Drop In 2014.
Nairobi-listed TransCentury is predicting a 25 percent drop in profit due to a loss in its market value from the sale of its stake in Rift Valley Railways (RVR).
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Markets
Sanlam Acquires Major Stake In Malaysian Insurer.
Sanlam Emerging Markets (SEM), a unit of South Africa’s second biggest life insurer, Sanlam, has acquired a 51 percent stake in Malaysian life insurance firm, MCIS Zurich Insurance Berhad (MCIS Zurich), for about R1.2 billion...
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Markets
JSE-Listed Glencore International Acquires Caracal’s 4.2m Shares.
A unit of JSE-listed Glencore Xstrata, Glencore International, on Monday said it had bought Caracal Energy’s 4.2 million shares for 550 pence a share, increasing its total shareholding in the firm to 18.9 million shares.
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Markets
Vodacom Completes Acquisition Of Vodacom Tanzania.
JSE-listed mobile phone operator, Vodacom, late on Tuesday said the $236.5 million deal to acquire an additional 17.2 percent stake in Vodacom Tanzania had been approved.
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Markets
Etisalat To Sell West African Subsidiary For $650m.
UAE-based telecom giant, Etisalat has agreed to sell its West African subsidiary, Atlantique Telecoms, to its Moroccan affiliate, Maroc Telecoms for $650 million, according to a report by Business Day.
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Markets
Investing In Africa: The Abraaj Story.
The Abraaj Group has invested $2.2billion in Africa to date. And they are just getting started.
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Markets
Heineken Closes In On NBL, Consolidated Breweries Merger.
Nigeria’s largest beer brewer, Nigerian Breweries Limited (NBL) and Consolidated Breweries Limited, will officially become a single entity, following an agreement to proceed with a merger signed last week, Heineken, a majority shareholder in both...
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Investors
Atlas Mara To Raise $400 Million For Future Acquisitions.
In line with its acquisition drive in Africa; Atlas Mara, an investment company created by ex-Barclays chief, Bob Diamond and Africa youngest millionaire, Ashish Thakkar is set to launch a second fundraising before the end...