The supreme court in Nigeria has overturned the sale of a state-owned aluminum processing plant to the world's largest aluminum producer.
Justice Afolabiyi Fabiyi ruled Friday that the sale of Aluminum Smelter Company of Nigeria (ALSCON) to Moscow-based United Company RUSAL PLC was illegal.
He said that the preferred bidder was wrongfully disqualified. He said BFI Group offered US$410 million and that RUSAL offered US$205 million.
BFI Group sued the Nigeria Bureau for Public Enterprise
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