CATEGORY: CORPORATE DEALS

Verod Capital acquires ‘minority stake’ in Greensprings Private School

Verod Capital acquires ‘minority stake’ in Greensprings Private School

Nigerian based Private Equity firm, Verod Capital Management has acquired a “minority” stake in Greensprings, one of Nigeria’s leading private schools. This was made...


The key numbers behind FBNH 2017 Half year results

The key numbers behind FBNH 2017 Half year results

FBN Holdings Plc on Thursday announced its unaudited results for the six months ended 30 June 2017. Here are key highlights of the results...


Flour Mills increases shareholding in Rom Oil Mills to 95%         

Flour Mills increases shareholding in Rom Oil Mills to 95%         

In a notice sent to the Nigerian Stock Exchange (NSE) this week, Flour Mills Nigeria (FMN) announced the acquisition of an additional 5% stake...



Zenith Bank sells stake in Life Insurance firm to Prudential UK

Zenith Bank sells stake in Life Insurance firm to Prudential UK

In a press release to investors and the general public, UK based Prudential Plc has announced the acquisition of a significant stake in Zenith...


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

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 have confirmed that discussions between...


Staco Insurance raises N1.6 billion via private placement

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 that hitherto had next to...


Deal: Yudala Continues Offline Expansion With Yes Mobile Takeover

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, a cosmopolitan high-value retail outfit...


Sale of Dangote Noodles: Will History Repeat Itself ?

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 Dangote Noodles to Dufil Prima...


Deal: AFC Issues $500 Million 7 Year Bond

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 finance institution and project developer,...


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

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 bank was sold to Sigma Golf...


Analysis: TA Associates Acquisition Of A Stake In Interswitch

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 gave rise to an online...


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 for financial services offering free...


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 insurance company, underwriting life and...


Deal: Brazilian Firm, Onmi Helicopters Commence Operations In Nigeria

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 Omni Blu Aviation Limited  of...


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

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 operating under the Chanrai Summit...


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

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 BV, for an additional shareholding...


Guinness N40 billion Rights Issue: What Diageo Stands to Gain

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. The company hopes to secure...


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

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 in the Oando’s midstream business...


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

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 Beverages Africa (CCBA) for $3.5...


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

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 company announced this via a...


Deal: Paystack Secures $1.3 Million Seed Funding

Deal: Paystack Secures $1.3 Million Seed Funding

A truly inspiring story for budding...


DEAL: MTG Sells TV Business To Econet Media Group

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 in Nigeria to Econet Media...


Kachikwu’s India Deal Is A Win-Win For Both Nigeria And India

Kachikwu’s India Deal Is A Win-Win For Both Nigeria And India

Everybody should be...


Mobil Confirms NIPCO Purchase Consideration Is $301million

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 its shares from its majority...


UACN Launches Mandatory Takeover Of Portland Paints

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 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 New Telegraph According to the...


What We Currently Know About The Mobil/Nipco Deal

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 see it sell all its...


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 Services Ltd on Friday. The...


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 & Food Nigeria Limited (SBFN). The...


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 Airport. The firm, in a...