All posts in Mergers and Acquisitions

Crystal Ventures in MTN Rwanda partial exit

Crystal Ventures has partially exited its Rwanda-based telecommunications company, MTN Rwanda, selling an estimated 15% of its stake to existing shareholder MTN Group.

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NorAH buys $137m stake in DSC

Kuwait-based investment company, North Africa Holding Company (NorAH),has acquired a minority stake in the Moroccan housing developer Dar Saada Company (DSC)for an estimated $137 million . The acquisition is

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Sub-Saharan M&A hits record high

Sub-Saharan Africa mergers and acquisitions deals reached a record $44 billion in 2010, about twice the transactions recorded the previous year, according to Thomson Reuters data. Telecommunications is the

Heineken acquires five Nigerian breweries

Netherlands-based brewer Heineken has acquired controlling stakes in five Nigerian breweries in a bid to expand is footprint in the burgeoning country. Heineken acquired the stakes from Sona Group

AfriRen bolsters Ghana Rubber Estates

Africa Renewables (AfriRen), the newly-formed UK-based biomass producer has committed $16million to Ghana Rubber Estates, as part of a long-term commercial agreement between the two entities. The investment will

Westward to buy Guinea iron ore assets

Canada-based Westward Explorations has entered into a letter of intent to acquire all of  Sky Alliance Resources Guinee SA shares from its parent company Sky Alliance Resources Inc

France Telecom buys 40% of Meditel

France Telecom has bought 40% Moroccan mobile operator, Meditel, for €640m ($840m). Meditel is owned by CDG, which is backed by the Moroccan government and FinanceCom, a private holding

Dangote to merge with Benue

Nigeria's biggest cement maker Dangote Cement is set to merge with Benue Cement, in a deal which could create one of the Nigeria’s largest listed companies. The deal will

Wal-Mart bids $4.76bn for Massmart

Wal-Mart Stores has made an offer to buy the entire share capital of sub-Saharan retailer Massmart for $4.76 billion. The global retailer has issued a non-binding expression of interest in

HSBC set to buy Nedbank

HSBC has entered into exclusive discussions to purchase a controlling stake of South African Nedbank. UK-bank is understood to be in the lead of the auction, warding off competition