Friday, July 6, 2012

Aliko Dangote to sell 63.4% stake in Dangote Flour Mills to Tiger Brands Ltd, of South Africa

Aliko Dangote, President and Chief Executive of Nigeria's Dangote Group speaks during the final session of the World Economic Forum on Africa meeting in Cape Town June 6, 2008. PHOTO/Mike Hutchings/Reuters

Africa’s wealthiest man, billionaire, Aliko Dangote, has agreed to sell a 63.4 percent stake in Dangote Flour Mills Plc to Tiger Brands Ltd., South Africa’s largest food company, Bloomberg has reported.

The Johannesburg Securities Exchange-listed Tiger Brands has reportedly

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