Who's doing what in the African M&A space?


Who's doing what in the African M&A space?

Published Date: 2020-03-27 | Source: DealMakers | Author: Marylou Greig

Who's doing what in the African M&A space?

DealMakers AFRICA

  • Endeavour Mining an intermediate gold producer, focused on developing gold mines in the West African region, has announced a definitive agreement for an all-share merger with Toronto-listed firm SEMAFO which operates in Burkina Faso. The offer, which values the company at C$1 billion, consists of 0.1422 Endeavour shares per SEMAFO share which represents a premium of 27.2% to the SEMAFO's 20-day VWAP. The concluded deal will see Endeavour shareholders own c.70% of the combined company.
  • East African Breweries has advised shareholders in a cautionary statement, that it intends to enter into a conditional transaction to purchase an additional 30% shareholding in Serengeti Breweries. In the year ended June 2018, EABL announced the conversation of Sh15.3 billion loans receivable from Serengeti into equity.
  • Conex Oil and Gas, a Liberian-owned company, has signed an agreement to acquire Total Liberia and Total Sierra Leone for an undisclosed sum.
  • BUA Group a large player in the foods, mining, manufacturing and infrastructure space in Africa, has announced the acquisition of a majority stake in P.W. Nigeria, a company involved in mining and infrastructure development in West Africa.
  • Cysiv a US-based cybersecurity services company has acquired SecureMisr, a Cairo-based provider of cybersecurity services in Egypt for an undisclosed sum.
  • Coliab, the Cote D'Ivoire startup, has raised funding from GreenTec Capital Partners which will enable it to scale its operations to create larger value and impact in the recycled plastic economy of the Continent.

DealMakers Africa is the Continent's M&A publication.

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