Dangote Group, the Nigerian company controlled by Africa’s richest man Aliko Dangote, plans to invest about $16 billion in cement, petrochemicals and agriculture over the next four years to boost expansion. According to the President of the group, the investment will help the Lagos-based company grow by almost a third […]
Business News
Hilton Worldwide raises over $2.3 billion in biggest-ever hotel IPO
Hotel operator Hilton Worldwide Inc BLKSHW.UL raised $2.34 billion in its IPO on Wednesday, returning to the public markets some six years after Blackstone Group LP (BX.N) took it private in one of the largest deals of the leveraged buyout boom. Hilton, whose brands include such high-end names as Conrad […]
FCMB signs $150m syndicated term loan facility
First City Monument Bank Limited (FCMB) has signed a $150 million senior unsecured term loan facility with Commerzbank Aktiengesellschaft and Standard Chartered Bank, acting as Initial Mandated Lead Arrangers and Bookrunners. The transaction marks FCMB’s debut facility in the syndicated loan market. The facility, which was pre-funded by Commerzbank AG […]
