A group of investors led by insurance-industry veteran Brian Duperreault struck a deal to buy billionaire trader Steven A. Cohen’s SAC Capital Advisors LP’s reinsurance business. The deal for Bermuda-based SAC Re Ltd. is expected to close in December, a spokesman representing Duperreault and the investor group said on […]
Business News
ETI Signs $50 million Loan Deal with PROPARCO
Ecobank Transnational Incorporation (ETI) says it has signed a $50 million loan agreement with PROPARCO. PROPARCO is a development finance institution jointly held by Agence Française de Développement (AFD) and public and private shareholders from the North and South. The bank over the weekend notified the Nigerian Stock Exchange (NSE) […]
Ecobank Capital, Orion Oil sign $500m deal
Ecobank Capital, the investment banking arm of Ecobank Group, leading pan-African bank, says it has successfully raised, on behalf of Orion Oil Limited, the sum of $500m to be utilised for the prepayment of crude oil cargos to be supplied by Société Nationale des Pétroles du Congo (The National Oil […]
