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Friday, 18 March 2016

Dangote Set To Acquire Automaker Peugeot

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Aliko-Dangote_white_background
DANGOTE CEO








Aliko Dangote has made a bid for a majority stake in automaker Peugeot Automobile Nigeria (PAN) Limited.
Nasir El-Rufai, the Governor of Nigeria’s Kaduna state, told journalists on Thursday that Dangote is a key member of a consortium that has applied to acquire the majority stake in the company which is currently owned by Nigeria’s state-backed “bad bank”, the Asset Management Corporation of Nigeria (AMCON).
The consortium is made up of Aliko Dangote, Kaduna and Kebbi states, as well as the Bank of Industry (BoI).



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