CATEGORY: CORPORATE DEALS

MTN’s proposed acquisition of Multichoice Africa is deal and a half

Even though both parties are yet to issue a formal statement, sources close to South Africa based MTN communications...


Staco Insurance raises N1.6 billion via private placement

Back in February, 2017 Nairametrics analysts reported heavy trades on the Nigerian Stock Exchange for Staco Insurance, a company...


Deal: Yudala Continues Offline Expansion With Yes Mobile Takeover

Nairametrics| E-commerce Company, Yudala has continued the growth of its offline market presence with the acquisition of Yes Mobile,...



Sale of Dangote Noodles: Will History Repeat Itself ?

Nairametrics|Dangote Flour Mills on Tuesday, announced that it has exited its noodles business and has sold the assets of...


Deal: AFC Issues $500 Million 7 Year Bond

PRESS RELEASE: LAGOS, Nigeria, 11 April, 2017-/African Media Agency (AMA)/- Africa Finance Corporation (‘AFC’), a leading pan-African multilateral development...


Deal: Sigma Golf Acquires Keystone Bank; What We Know So Far

Nairametrics| The Asset Management Corporation of Nigeria has announced the sale of Keystone Bank Plc (formerly Bank PHB). The...


Analysis: TA Associates Acquisition Of A Stake In Interswitch

Nairametrics | The internet revolution in Nigeria has been a massive catalyst for the economic development of Nigeria. It...


Deal: Silvertree Acquires Nigeria’s TopCheck

Nairametrics| Silvertree has acquired Nigeria’s TopCheck, forming Africa’s largest price comparison group TopCheck is Nigeria’s leading price comparison site...


Deal: SA Insurance Merges With Standard Life

Nairametrics| Standard Alliance Insurance Plc, has formally merged with its sister company, Standard Life Assurance, to become one big...


Deal: Brazilian Firm, Onmi Helicopters Commence Operations In Nigeria

Nairametrics| Omni Helicopters International, a Brazilian based company has signed a joint venture partnership worth over $20 million with...


DEAL: P&G Sells Ibadan Healthcare Plant To Elixir Global

Nairametrics| Procter and Gamble has sold its Ibadan Healthcare Plant to Elixir Global Manufacturing Food Limited, a Nigerian entity...


Deal: MTN Says It’ll Swap 51% Of Its interest In Nigeria Tower For Additional Stake In IHS

Africa’s largest GSM Network, MTN Group has said that it will exchange its 51% interest in Nigeria Tower Interco...


Guinness N40 billion Rights Issue: What Diageo Stands to Gain

Nairametrics| Guinness Nigeria Plc has finalized plans to seek shareholder approval to raise N40 billion via a rights issue....


DEAL: Helios Completes Purchases of 49% Stake In Oando Gas and Power Limited

Nairametricsǀ Helios Investment Partners LLP, a premier Africa-focused private investment firm has announced the purchase of 49% voting rights...


Coca Cola Spends $3.5b Buying Africa’s Largest Coke Bottler

In one of the largest deals in Africa this year, Coca Cola has bought a majority stake in Coca-Cola...


Deal: Oando Completes $115.8 Million Divestment To Helios Investment Partners

Oando Plc has announced the completion of its $115.8 million gas and power divestment to Helios Investment Partners. The...



DEAL: MTG Sells TV Business To Econet Media Group

Modern Times Group (MTG) has exited the Nigerian market after the sale of its free-TV broadcasting and production businesses...



Mobil Confirms NIPCO Purchase Consideration Is $301million

Last October, Mobil Nigeria Plc announced it had agreed a deal that will see NIPCO acquire about 60% of...


UACN Launches Mandatory Takeover Of Portland Paints

UACN to takeover Portland Paints at 224% premium of current share...


Total Plc Steps Up Efforts To Sell Downstream Assets With “12 Firms” Submitting Bids

Total Nigeria Plc is reported has planning to sell its downstream businesses. This is according to reports from the...


What We Currently Know About The Mobil/Nipco Deal

Last week, the Nigerian Stock Exchange Published  press release confirming that Exxon Mobil has agreed a deal that will...


Deal: Resourcery Consultancy Services Completes 75% Acquisition of Great Nigeria Insurance

About 21, 2.87 billion units representing 75% equity shareholding of Great Nigeria Insurance were crossed to Insurance Resourcery Consultancy...


GSK Nigeria Completes Divestment of Drinks Bottling Business To Suntory BFN Ltd.

Glaxosmithkline Consumer Nigeria Plc has completed the divestment of its drinks bottling and distribution business to Suntory Beverage &...


Deal: Hilton Confirms It Will Build A 350 Room Hotel At MMA

Hilton Worldwide has confirmed plans to open a 350 guestroom and suite hotel at the Lagos Murtala Muhammed International...


BOOM: Diageo Backs Out From Offer To Acquire More Guinness Nigeria Shares

Diageo Plc, the Parent company of Guinness Nigeria has informed investors that it is no longer interested in taking...



DEAL: Interswitch Purchases VANSO For N15 Billion

Interswitch completes deal to buyout VANSO for N15...


Petrolex Signs Deal To Construct Nigeria’s Largest Petroleum Depot

Deal for Nigeria's largest petroleum depot has been...