Tag: Johannesburg

Oando to Acquire ConocoPhillips Nigerian Affiliate for $105 million

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Oando Plc Tuesday said it hopes to acquire ConocoPhillips Nigerian affiliate Phillips (Brass) Limited (“PBL”), which holds ConocoPhillips’ interest in the Brass LNG Project for approximately $105 million plus customary adjustments. According to Oando, it has notified the Nigerian Stock Exchange (NSE) that it has […]

Actis buys South Africa payment and card firm for $95 million

  Private equity firm Actis has agreed to buy the payments and ATM business of South Africa’s Transaction Capital (TCPJ.J) for $95 million, targeting the growth of debit cards and electronic payments among millions of low-income shoppers. Actis, a London-based firm focused on emerging markets, will pay 937 million rand […]