Nigerian energy group Oando has announced that its affiliate Oando Energy Resources (OER) has entered into a deal with ConocoPhillips (COP) to acquire COP’s Nigerian business interests
Business
Hanlong Group to acquire iron ore mine in central Africa
China-based Hanlong Groups planned takeover of Australian mining company Sundance would lead it to take control of an iron ore mine in central Africa
Kenyan Coca-Cola bottling plants enter into merger deal
Coca-Cola bottling plants in Kenyas Nyeri town, Rift Valley and the city of Kisii have entered into a merger deal that will see the total value of all three businesses rise by 26 per cent
Barrick Gold withdraws from talks with Chinese firm for Africa unit sale
Barrick Gold has withdrawn from talks with the China National Gold Group regarding the US$2.32bn sale of its African unit
Russian firm eyes Zimbabwean asbestos manufacturer
A Russian firm has revealed its interest in joining the race for acquisition of Zimbabwean asbestos products manufacturer Turnall Holdings