Nigerian billionaire Aliko Dangote on Thursday sold 63 percent of Dangote Flour to South African consumer goods firm Tiger Brands in a deal worth $188 million, brokers said. The sale of 3.1 billion shares on the Nigerian Stock Exchange was done at 9.50 naira ($0.06) per share, after regulators’ approval […]
Tag: Dangote Flour
Nigerian regulators approve Tiger Brands DFM deal
(Adds Aliko Dangote remaining as chairman) South African consumer goods firm Tiger Brands said Nigerian authorities had cleared its 1.5 billion rand ($181.98 million) purchase of a majority stake in Nigeria’s Dangote Flour Mills. The deal is Tiger Brands’ third and its biggest yet in Nigeria, Africa’s most populous country […]
