Corporate deals Archives - Nairametrics https://nairametrics.com/category/companies/corporate-deals/ Destination for Business news and analysis from Africa's largest economy Thu, 13 Jun 2024 17:50:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Corporate deals Archives - Nairametrics https://nairametrics.com/category/companies/corporate-deals/ 32 32 201037849 Terra Aqua secures $10m “climate finance” from TLG capital, Wema Bank for aluminum recycling plant in Ogun state https://nairametrics.com/2024/06/13/terra-aqua-secures-10m-climate-finance-from-tlg-capital-wema-bank-for-aluminum-recycling-plant-in-ogun-state/ https://nairametrics.com/2024/06/13/terra-aqua-secures-10m-climate-finance-from-tlg-capital-wema-bank-for-aluminum-recycling-plant-in-ogun-state/#respond Thu, 13 Jun 2024 15:25:08 +0000 https://nairametrics.com/?p=491194 TLG Capital, a leading alternative investment firm, has announced a US$ 10 million structured private credit facility designated for climate financing for one of Nigeria’s largest aluminum recyclers.

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]]> https://nairametrics.com/2024/06/13/terra-aqua-secures-10m-climate-finance-from-tlg-capital-wema-bank-for-aluminum-recycling-plant-in-ogun-state/feed/ 0 491194 Seplat ExxonMobil $1.28 billion deal gets boost as NNPC moves to withdraw lawsuit https://nairametrics.com/2024/06/13/nnpc-applies-to-withdraw-suit-challenging-exxonmobils-1-28-billion-asset-divestment-to-seplat/ https://nairametrics.com/2024/06/13/nnpc-applies-to-withdraw-suit-challenging-exxonmobils-1-28-billion-asset-divestment-to-seplat/#respond Thu, 13 Jun 2024 14:13:02 +0000 https://nairametrics.com/?p=491189 NNPC has filed a motion in the High Court of the Federal Capital Territory, Abuja, seeking to discontinue its ongoing legal action against several subsidiaries of Mobil Nigeria and the Nigerian Upstream Petroleum Regulatory Commission.

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]]> https://nairametrics.com/2024/06/13/nnpc-applies-to-withdraw-suit-challenging-exxonmobils-1-28-billion-asset-divestment-to-seplat/feed/ 0 491189 Why Tolaram’s N104 billion acquisition of Guinness Nigeria is a game changer https://nairametrics.com/2024/06/12/why-tolarams-n104-billion-acquisition-of-guinness-nigeria-is-a-game-changer/ https://nairametrics.com/2024/06/12/why-tolarams-n104-billion-acquisition-of-guinness-nigeria-is-a-game-changer/#comments Wed, 12 Jun 2024 09:19:40 +0000 https://nairametrics.com/?p=491127 On June 11, 2024, Diageo announced it had entered a deal to sell its 58.02% stake in Guinness Nigeria Plc to Tolaram, bringing an end to over five decades of direct ownership of the Nigerian subsidiary.

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]]> https://nairametrics.com/2024/06/12/why-tolarams-n104-billion-acquisition-of-guinness-nigeria-is-a-game-changer/feed/ 2 491127 Tolaram to acquire majority shares in Guinness Nigeria as Diageo exits  https://nairametrics.com/2024/06/11/tolaram-to-acquire-majority-shares-in-guinness-nigeria-as-diageo-exits/ https://nairametrics.com/2024/06/11/tolaram-to-acquire-majority-shares-in-guinness-nigeria-as-diageo-exits/#respond Tue, 11 Jun 2024 10:39:36 +0000 https://nairametrics.com/?p=491059 In a landmark deal set to reshape Nigeria's beverage market, Tolaram has agreed to acquire Diageo's 58.02% shareholding in Guinness Nigeria Plc. Guinness made this announcement via a press release on the NGX. 

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]]> https://nairametrics.com/2024/06/11/tolaram-to-acquire-majority-shares-in-guinness-nigeria-as-diageo-exits/feed/ 0 491059 International Energy Insurance Plc announces N1 billion mandatory takeover by Norrenberger Advisory Partners https://nairametrics.com/2024/06/08/international-energy-insurance-plc-announces-n1-billion-mandatory-takeover-by-norrenberger-advisory-partners/ https://nairametrics.com/2024/06/08/international-energy-insurance-plc-announces-n1-billion-mandatory-takeover-by-norrenberger-advisory-partners/#respond Sat, 08 Jun 2024 09:33:03 +0000 https://nairametrics.com/?p=490858 Insurance company International Energy Insurance PLC (IEI) has announced it has received a mandatory takeover bid from Norrenberger Advisory Partners Limited (NAPL).

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]]> https://nairametrics.com/2024/06/08/international-energy-insurance-plc-announces-n1-billion-mandatory-takeover-by-norrenberger-advisory-partners/feed/ 0 490858 VFD Group to sell off 30% of its stake in Abbey Mortgage Bank   https://nairametrics.com/2024/06/05/vfd-group-to-sell-off-30-of-its-stake-in-abbey-mortgage-bank/ https://nairametrics.com/2024/06/05/vfd-group-to-sell-off-30-of-its-stake-in-abbey-mortgage-bank/#respond Wed, 05 Jun 2024 05:28:29 +0000 https://nairametrics.com/?p=490620 The board of VFD Group has agreed to sell off 30% of its holdings in Abbey Mortgage Bank. This resolution was made during the group’s Board of Directors meeting on May 30, 2024.  

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]]> https://nairametrics.com/2024/06/05/vfd-group-to-sell-off-30-of-its-stake-in-abbey-mortgage-bank/feed/ 0 490620 Presco Nigeria to acquire Ghanaian oil palm company for $125 million https://nairametrics.com/2024/06/04/presco-nigeria-to-acquire-ghanaian-oil-palm-company-for-125-million/ https://nairametrics.com/2024/06/04/presco-nigeria-to-acquire-ghanaian-oil-palm-company-for-125-million/#respond Tue, 04 Jun 2024 13:04:05 +0000 https://nairametrics.com/?p=490590 Nigeria’s largest oil palm company, Presco Plc is presently in talks to acquire a 100% equity stake in the Ghanaian Oil Palm Development Company (GOPDC).

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]]> https://nairametrics.com/2024/06/04/presco-nigeria-to-acquire-ghanaian-oil-palm-company-for-125-million/feed/ 0 490590 Nigerian Breweries completes acquisition of 80% stake in Distel Nigeria Limited https://nairametrics.com/2024/06/02/nigerian-breweries-completes-acquisition-of-80-stake-in-distel-nigeria-limited/ https://nairametrics.com/2024/06/02/nigerian-breweries-completes-acquisition-of-80-stake-in-distel-nigeria-limited/#respond Sun, 02 Jun 2024 07:08:49 +0000 https://nairametrics.com/?p=490439 Nigerian Breweries Plc has announced the completion of the acquisition of 80% controlling stake in Distel Wines and Spirit Nigeria Limited as part of efforts to expand its product offerings beyond beer to include wines, spirits and flavoured alcoholic beverages.

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]]> https://nairametrics.com/2024/06/02/nigerian-breweries-completes-acquisition-of-80-stake-in-distel-nigeria-limited/feed/ 0 490439 Geregu Power signs deal with Siemens to increase generation capacity to 1,200MW https://nairametrics.com/2024/06/01/geregu-power-signs-deal-with-siemens-to-increase-generation-capacity-to-1200mw/ https://nairametrics.com/2024/06/01/geregu-power-signs-deal-with-siemens-to-increase-generation-capacity-to-1200mw/#respond Sat, 01 Jun 2024 07:42:28 +0000 https://nairametrics.com/?p=490406 Geregu Power Plc has entered a partnership with Siemens Energy to expand the capacity of the Geregu 1 power plant in the country. 

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]]> https://nairametrics.com/2024/06/01/geregu-power-signs-deal-with-siemens-to-increase-generation-capacity-to-1200mw/feed/ 0 490406  TLG Capital announces $5 million investment in Liberia swimwear manufacturing hub  https://nairametrics.com/2024/05/30/tlg-capital-announces-5-million-investment-in-liberia-swimwear-manufacturing-hub/ https://nairametrics.com/2024/05/30/tlg-capital-announces-5-million-investment-in-liberia-swimwear-manufacturing-hub/#respond Thu, 30 May 2024 17:56:17 +0000 https://nairametrics.com/?p=490306 TLG Capital, an African investment firm, is investing $5 million in Liberty & Justice (L&J), an Africa-based swimwear manufacturing hub in Liberia. 

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]]> https://nairametrics.com/2024/05/30/tlg-capital-announces-5-million-investment-in-liberia-swimwear-manufacturing-hub/feed/ 0 490306 Paystack-led investment group acquires Nigerian fintech, Brass https://nairametrics.com/2024/05/28/paystack-led-investment-group-acquires-nigerian-fintech-brass/ https://nairametrics.com/2024/05/28/paystack-led-investment-group-acquires-nigerian-fintech-brass/#respond Tue, 28 May 2024 14:33:46 +0000 https://nairametrics.com/?p=490101 This development comes barely two months after Brass disengaged an unspecified number of its staff citing the current economic realities as the cause.

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]]> https://nairametrics.com/2024/05/28/paystack-led-investment-group-acquires-nigerian-fintech-brass/feed/ 0 490101 Seplat Energy announces extension agreement for ExxonMobil acquisition  https://nairametrics.com/2024/05/24/seplat-energy-announces-extension-agreement-for-exxonmobil-acquisition/ https://nairametrics.com/2024/05/24/seplat-energy-announces-extension-agreement-for-exxonmobil-acquisition/#respond Fri, 24 May 2024 05:42:00 +0000 https://nairametrics.com/?p=489804 Seplat Energy Plc has announced an extension of the share sale and purchase agreement (SSPA) for the acquisition of ExxonMobil’s share capital in Mobil Producing Nigeria Unlimited (MPNU). 

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]]> https://nairametrics.com/2024/05/24/seplat-energy-announces-extension-agreement-for-exxonmobil-acquisition/feed/ 0 489804 OpenAI signs $250 million content deal with WSJ, The Sun, others https://nairametrics.com/2024/05/23/openai-signs-250-million-content-deal-with-wsj-the-sun-others/ https://nairametrics.com/2024/05/23/openai-signs-250-million-content-deal-with-wsj-the-sun-others/#respond Thu, 23 May 2024 14:04:17 +0000 https://nairametrics.com/?p=489755 The deal gives OpenAI access to current and archived content from News Corp’s major news and information publications.

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]]> https://nairametrics.com/2024/05/23/openai-signs-250-million-content-deal-with-wsj-the-sun-others/feed/ 0 489755 Netflix to broadcast NFL games in landmark three-year deal https://nairametrics.com/2024/05/19/netflix-to-broadcast-nfl-games-in-landmark-three-year-deal/ https://nairametrics.com/2024/05/19/netflix-to-broadcast-nfl-games-in-landmark-three-year-deal/#respond Sun, 19 May 2024 07:36:16 +0000 https://nairametrics.com/?p=489358 Netflix to broadcast NFL Games in landmark deal.

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]]> https://nairametrics.com/2024/05/19/netflix-to-broadcast-nfl-games-in-landmark-three-year-deal/feed/ 0 489358 Access Bank Group, Mastercard collaborate to enhance cross-border payments in Africa https://nairametrics.com/2024/05/08/access-bank-group-mastercard-collaborate-to-enhance-cross-border-payments-in-africa/ https://nairametrics.com/2024/05/08/access-bank-group-mastercard-collaborate-to-enhance-cross-border-payments-in-africa/#respond Wed, 08 May 2024 19:10:00 +0000 https://nairametrics.com/?p=488359 Access Bank Group partners Mastercard to expand opportunities for cross-border payments for African businesses and consumers

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]]> https://nairametrics.com/2024/05/08/access-bank-group-mastercard-collaborate-to-enhance-cross-border-payments-in-africa/feed/ 0 488359 Tantalizers Plc secures N1.07 billion through fully subscribed private placement https://nairametrics.com/2024/05/08/tantalizers-plc-secures-n1-07-billion-through-fully-subscribed-private-placement/ https://nairametrics.com/2024/05/08/tantalizers-plc-secures-n1-07-billion-through-fully-subscribed-private-placement/#respond Wed, 08 May 2024 10:02:47 +0000 https://nairametrics.com/?p=488264 Tantalizers Plc successfully raised an estimated N1.07 billion through a private placement, as the fast food chain continues its restructuring plans.

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]]> https://nairametrics.com/2024/05/08/tantalizers-plc-secures-n1-07-billion-through-fully-subscribed-private-placement/feed/ 0 488264 Paramount Global in talks with Sony, Apollo over acquisition   https://nairametrics.com/2024/05/06/paramount-global-in-talks-with-sony-apollo-over-acquisition/ https://nairametrics.com/2024/05/06/paramount-global-in-talks-with-sony-apollo-over-acquisition/#respond Mon, 06 May 2024 09:46:54 +0000 https://nairametrics.com/?p=487984 Paramount Global starts talk with Sony, Apollo over acquisition.

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]]> https://nairametrics.com/2024/05/06/paramount-global-in-talks-with-sony-apollo-over-acquisition/feed/ 0 487984 British International Investment secures $100m facility with Citi Group to boost African economies https://nairametrics.com/2024/04/25/british-international-investment-secures-100m-facility-with-citi-group-to-boost-african-economies/ https://nairametrics.com/2024/04/25/british-international-investment-secures-100m-facility-with-citi-group-to-boost-african-economies/#respond Thu, 25 Apr 2024 10:33:21 +0000 https://nairametrics.com/?p=486837 The funding helps to accelerate the flow of key agricultural commodities, and use of machinery and solutions that strengthen food security in vulnerable economies.

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]]> https://nairametrics.com/2024/04/25/british-international-investment-secures-100m-facility-with-citi-group-to-boost-african-economies/feed/ 0 486837 NASCON suspends proposed merger with Dangote Rice Limited https://nairametrics.com/2024/04/18/nascon-suspends-proposed-merger-with-dangote-rice-limited/ https://nairametrics.com/2024/04/18/nascon-suspends-proposed-merger-with-dangote-rice-limited/#comments Thu, 18 Apr 2024 15:42:17 +0000 https://nairametrics.com/?p=486169 The suspension is due to the comments and recommendation of the Securities and Exchange Commission (SEC) centered around the current non-operational status of Dangote Rice Limited

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]]> https://nairametrics.com/2024/04/18/nascon-suspends-proposed-merger-with-dangote-rice-limited/feed/ 1 486169 Nigerian Breweries to complete 80% acquisition of Distell Wines & Spirits in two months https://nairametrics.com/2024/04/17/nigerian-breweries-to-complete-80-acquisition-of-distell-wines-spirits-in-two-months/ https://nairametrics.com/2024/04/17/nigerian-breweries-to-complete-80-acquisition-of-distell-wines-spirits-in-two-months/#respond Wed, 17 Apr 2024 17:01:31 +0000 https://nairametrics.com/?p=486070 The final part of the transaction is being completed at the South Africa end with the expectation that the transaction would be completed in full in the second quarter of this year.

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]]> https://nairametrics.com/2024/04/17/nigerian-breweries-to-complete-80-acquisition-of-distell-wines-spirits-in-two-months/feed/ 0 486070