DealMakers AFRICA
A mandatory takeover offer has been triggered by Emerald HoldCo’s acquisition of a controlling interest in Beta Glass through a broader restructuring involving the former Frigoglass Group’s Nigerian operations. The Securities and Exchange Commission (SEC) has approved a mandatory takeover offer valued at ₦6,94 billion by Emerald HoldCo B.V. for up to 11,74 million ordinary shares of Beta Glass Plc. The offer will see Emerald acquire shares at ₦590.94 each representing a total transaction value of approximately N6.94 billion.
Bridge Bank Group Côte d’Ivoire has opened a public offer for a fifth of its shares, looking to raise about US$118 million (67.5 billion CFA francs) ahead of a listing on West Africa’s regional stock exchange, BRVM.
VBL Industries (Kenya) wholly-owned subsidiary of Varun Beverages has entered into an agreement to acquire the value-added dairy beverages, juices and packaged drinking water of Devyani Food Industries (Kenya) for a consideration of US$32 million.
OLA Energy Group has signed an agreement with TotalEnergies to acquire TotalEnergies Marketing Ethiopia. The transaction covers TotalEnergies Marketing Ethiopia’s full downstream operations — a network of more than 120 service stations strategically located across major cities, serving retail, B2B, aviation and lubricant customers. The network includes 10 storage assets, world-class logistics infrastructure, and digital payment solutions already in operation. Financial terms were not disclosed.
DealMakers AFRICA is the continent’s quarterly M&A publication
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