Nigeria: Singaporean Firm Acquires Kayass Enterprises For $66.5m

Posted on June 7, 2012 12:54 pm under Investing, Investors, Markets
Bilateral-Trade

VENTURES AFRICA – Olam International Ltd, a Singaporean commodities trader, has announced the 100 percent stake acquisition of Nigerian dairy and beverage company Kayass Enterprises S.A. for $66.5 million, Reuters has reported.

 

The Singaporean company aims to tap into Africa’s second largest economy, and its fast-growing consumer market via the acquisition. Thus, bolstering its presence as Kayass already owns several brands – including the beverage “Nature’s Fresh” – with strong market presence.





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Tags:Farming in AfricaKayass EntreprisesOlam International LtdVentures Africa






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ventures-africa

Ventures Africa is a monthly Pan-African business magazine, which will champion African capitalism by celebrating African success, free enterprise, the entrepreneurial spirit, and the rewards of hard work.






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                Didi N. Samuel
            
        
    
        
    
            
    Nigeria is one of the the continent’s fastest growing economies and hopefully will be among the BRIC nations in the nearest future.
    
Wishing Olam International Ltd good luck and all the best.
    

    -Didi N. Samuel
    
Lagos, Nigeria
    
@didisamuel23
    

    
        
    

    
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Latest comments on "Nigeria: Singaporean Firm Acquires Kayass Enterprises For $66.5m"


    
   
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		 Didi N. Samuel said on         June 7, 2012 [3:09 pm]:         
    
      	  
    
	  
    Nigeria is one of the the continent’s fastest growing economies and hopefully will be among the BRIC nations in the nearest future.
    
Wishing Olam International Ltd good luck and all the best.
    

    -Didi N. Samuel
    
Lagos, Nigeria
    
@didisamuel23
    

      
    
               
    
     
    
     
    
     
     
    

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