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Tuesday, July 7, 2020

Nigeria’s Dangote Cement sells 2.3% stake to foreign buyers for $236

Dangote sells 416 mln Dangote Cement shares to foreign buyers * Dangote Cement working to boost minimum share float - source * The cement maker plans to double size of African plant by 2020 (Adds closing share price, stock index) By Chijioke Ohuocha LAGOS, Aug 1...

Thoughts on Nigeria’s Next Biggest Bank

Access Bank Plc announced recently of a signed memorandum of Agreement with Diamond Bank regarding a potential merger. This is apparently on the back of a competitive process undertaken by Diamond Bank to select a preferred bidder. This deal is impressive and should...

Glaxo, Pfizer to merge consumer-health businesses for growth

Creation of consumer-health venture aids drug development push Restocking prescription pipelines is a top priority for giants Glaxo CEO Says Pfizer Joint Venture to Strengthen Pharma Pipeline Two of the world’s biggest drugmakers agreed to create a giant seller of over-the-counter medicines, in yet another sign that...

NSE: Market capitalisation inched N383bn on CCNN merger shares

The Nigerian Stock Exchange (NSE) on Monday listed the supplementary shares of Cement Company of Northern Nigeria (CCNN) following its merger with BUA Group’s Kalambaina Cement Company. Specifically, the exchange listed 12 billion shares of the expanded entity which added additional N200 billion to the...

Deals of the day-Mergers and acquisitions

Nov 30 - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday: ** Seven-Up Bottling Co has received an offer from its majority shareholder Affelka to buy out minorities in a 19.33 billion naira ($60.41 million) takeover deal, vice chairman...
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