DealMakers AFRICA
Nigerian Breweries Plc has advised shareholders that it is considering a proposal by Heineken Beverages of South Africa that it acquire Heineken Beverages’ majority interest (via Distell International) in Distell Wines & Spirits Nigeria Ltd. The outcome of the brewer’s decision will be communicated to shareholders in due course.
Bestfly, an Angolan multinational aviation group, has acquired Austrian aircraft asset management company MS Aviation as part of its broader European expansion drive. Financial details of the transaction were not disclosed.
Egyptian developer Tatweer Misr and Naif Alrajhi Investment, a Saudi Arabian company, are to form a joint venture. The JV will focus on construction and real estate investment with an emphasis on the development of residential, commercial, educational, entertainment and hospitality projects in Saudi Arabia. The intention is to expand into Egypt. Financial details were undisclosed.
The acquisition of KEL Chemicals, a manufacturer of phosphate fertilizers, water treatment products and sulfuric acid-based industrial chemicals, has been unconditionally approved by the Competition Authority of Kenya.
In a further filing, the Competition Authority of Kenya has given Abland Diversified Holdings unconditional approval to acquire the remaining 50% stake in Buffalo Mall Naivasha.
Oryx Properties, a Namibian, NSX-listed property fund is to undertake a renounceable rights issue to raise N$379,6 million. The issue is in respect of 32,698,877 rights issue units in the ratio of one rights issue unit for every 2,5 linked units held.
PrestaFreedom, a Morocco-based home services marketplace, has raised US$1,1 million from Casablanca-based Azur Innovation Fund. PrestaFreedom intends to use the investment from the venture capital fund in its logistics and technology development with the aim of accelerating growth and scaling its footprint to a number of African markets.
Moroccan healthtech startup DataPathology was also the recipient of an investment from the Azur Innovation Fund, raising US$1m in its second seed round of funding. The investment will be used to recruit talent to support its growth trajectory.
DealMakers AFRICA is the Continent’s M&A publication.
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