Did you know that:
Ecobank Transnational Inc. is considering selling a stake in its Nigerian subsidiary as part of a plan to raise about $500 million of equity for the unit. A $500 million boost would take its capital-adequacy ratio to about 18 percent, above the minimum requirement of 16 percent as disclosed by the Managing Director of Ecobank Nigeria Ltd.
Four major Nigerian travel agencies, Quantum Travels Ltd, Touchdown Travels, Finchflow Travels Ltd, and Dees Travels are coming together in what has been coined ‘the first merger of travel companies’ in Nigeria called Travel Investments Company Limited (TICO).
Carlyle (CG) Group LP the world’s second-largest manager of investment alternatives to stocks and bonds has invested $147 million in Diamond Bank Plc as it seeks to expand in Africa’s largest economy. CG bought the stake through its sub-Saharan Africa Fund at the recently held rights issue by Diamond Bank.
NATCOM a telecommunications consortium has emerged the preferred bidder for the moribund Nigerian Telecommunications Limited (NITEL) and its mobile arm, the Mobile Telecommunications (M-Tel), after offering to pay $252,251,000 under a guided liquidation process for both firms.
These are just a few of the highlights contained in this tenth edition of the Perchstone & Graeys’ Mergers & Acquisition team's ‘Merger & Acquisition Watch’; a fortnightly e-publication that seeks to educate and inform a discerning audience of the unfolding trends, in a manner ideal for strategic decision making. To read more of this edition, click here. To recieve the publication by email, kindly confirm by email to email@example.com.