By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The Nigerian equities market ended the week on a positive note as benchmark index and market capitalisation inched up 0.44 percent to close at 41,564.19 and N13.724 trillion respectively, according to the Nigerian Stock Exchange (NSE) weekly market report. Similarly, the NSE reported that […]
Capital Market
Kunoch Acquires Actis 14.8% stake in Diamond Bank
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Private-equity firm, Kunoch Holdings has acquired Actis LLP and CDC Group Plc 14.8 percent stake in Diamond Bank Plc for an undisclosed amount, according to a statement on Thursday from the Nigerian lender. Kunoch acquired the 14.8 percent stake by buying Actis DB Holdings Limited […]
LSE unveils $1.6 billion rights issue for Frank Russell deal
The London Stock Exchange Group (LSE.L) said on Friday it would raise 938 million pounds ($1.6 billion) to part fund the acquisition of U.S. indexes group Frank Russell. LSE will offer 74,347,813 new shares at a price of 1,295 pence, a 30.1 percent discount to its Aug. 21 closing price. […]
