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Lagos, South Africa and New York
Sunday, August 9, 2020

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...

NNPC, Shell, Chevron Sign Agreements to Boost FG Revenue by $16 billion

  Two sets of alternative financing agreements on Joint Venture (JV) projects to boost reserves and production in line with government’s aspiration were executed in London on Monday between the Nigerian National Petroleum Corporation (NNPC) and two of its JV partners: NNPC/Chevron Nigeria Limited (CNL)...

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...

Amazon in-talks to buy drug delivery group

Shares in large US pharmacy chains drop sharply after PillPack deal announced

Deals of the Week: Mergers and Acquisitions

Sept 14  - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** Nigeria’s Dangote Cement, controlled by Aliko Dangote, Africa’s richest person, has approached South African rival PPC about a takeover. ** Nestle has bought a majority stake in Blue...
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