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Archive In M & A
Pulp Firm Mondi Acquires US Firm For $105m.
Paper and pulp group, Mondi, is set to acquire bags and kraft paper unit of the US-based Graphic Packaging International for $105 million in debt and cash, it said on Tuesday.
Lafarge Group To Consolidate Nigeria, South Africa Businesses.
As the cement market continues to get more competitive, Lafarge Group has decided to merge its South African business with its publicly traded Nigerian unit, Lafarge Wapco to create Lafarge Africa Plc on the Nigerian...
Mouka, Bravo Partner To Launch Sealy Posturepedic Mattress In Nigeria.
Nigerian foam company, Mouka Limited has formed a strategic partnership with Bravo Pty South Africa to establish Belimi Limited that will provide luxurious quality sleep enhancing products for the Nigerian populace.
KKR To Invest $200m In Ethiopian Flower Business.
New-York based global private equity company; KKR & Co. has expressed interest in buying a percentage of leading Ethiopian flower company, Afriflora which grows about 730 million flowers for export yearly.
Ecobank Acquires 96% Stake In Banco ProCredit Mozambique.
Pan-African banking conglomerate, Ecobank Transnational Incorporated (ETI), has acquired a 96 percent stake in Banco ProCredit Mozambique, a local credit provider, following the approval from regulatory authorities in Mozambique.
BCX Acquires 30% stake In Nigerian AppZone.
Months after acquiring document management firm, Panabiz Nigeria, JSE-listed Business Connexion Group (BCX) has strengthened its hold in Nigeria by acquiring 30 percent of financial IT service provider, AppZone Limited to enable it provide cloud-based...
Stocks & Bonds
Saham Acquires 66% Stakes In Rwanda’s CORAR-AG.
Saham Finances SA, a unit of Morocco-based investment firm, Saham Group has acquired a 66 percent controlling stake in one of Rwanda’s largest insurance company, Corar-AG for an undisclosed sum.
MMI Acquires CareCross Health Group.
MMI Holdings (MMI), the Johannesburg listed life insurer, on Wednesday said it had acquired CareCross Health Group and Occupational Care South Africa (OCSA), for an undisclosed amount.
Woolworths Shareholders Approve David Jones’ Acquisition.
Shareholders of Woolworths, the Johannesburg listed food and clothing retailer, on Tuesday approved the firm’s planned acquisition of David Jones, Australia’s iconic department store.
Abraaj Group To Acquire Cairo Medical Center.
The Abraaj group, a leading global private equity investor, has made a legal tender to purchase a 100 percent stake of Egyptian Stock Exchange (EGX)-listed Cairo Medical Center (CMC) through one of its funds.