Starcomms has reached an agreement with investment group Capcom Limited, under which the latter will invest USD210 million in the Nigerian CDMA operator in return for a 90.5% stake, Starcomms announced in a statement on the Nigerian Stock Exchange. Capcom – a special purpose vehicle created for investing in Starcomms and related transactions – comprises a number of investors, including MBC, a private trust with a focus on investing in emerging markets, and Pan African Capital through its asset management division, PAC Asset Management.
Read this article:
OVETEL Starcomms agrees to USD210m investment to fund merger
No comments:
Post a Comment