Thursday, September 26, 2013

South Africa's Public Investment Corporation invests a further $289 million in Dangote Group

Aliko Dangote - Chairman and CEO of the Dangote Group

Africa's largest asset manager, the South African-based Public Investment Corporation, will consider investing in more companies linked to Aliko Dangote, as it seeks to tap industries benefiting from economic growth.

The Public Investment Corporation earlier this week invested US$289.3 million in Dangote Cement Plc to take a 1.5 percent stake and said the deal will also offer opportunities in Dangote’s sugar, flour, oil refinery

More details here...

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