South Africa: S/African Firm Buys 63 Percent of Dangote Flour for U.S.$188 Million

5 October 2012

Aliko Dangote yesterday sold 63 per cent of Dangote Flour to South African consumer goods firm, Tiger Brands in a deal worth $188 million, brokers said.

The sale of 3.1 billion shares on the Nigerian Stock Exchange(NSE) was done at N9.50 ($0.06) per share, after regulators' approval last month.

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