Holcim Ltd. (HOLN) and Lafarge SA (LG), the world’s two largest cement makers, are exploring a merger to create a Swiss-French company with a market value of more than $50 billion, according to people familiar with the matter. The discussions are ongoing and may lead to a merger of equals, […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top oil marketing firm, Oando Plc Thursday announced it has completed the sale of one of its wholly owned subsidiaries East Horizon Gas Company (EHGC) to Seven Energy International Limited for $250 million. Oando in a statement made available to InvestAdvocate said it completed […]

Robert Diamond’s Atlas Mara Co-Nvest Ltd. (ATMA) agreed to buy ABC Holdings Ltd. and ADC African Development Corp. for as much as $265 million in the first acquisition by the investment firm of the former Barclays Plc (BARC) head. BancABC offers financial services in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe, […]