Dangote To Divest 80% Of Food Biz,plans 2,000MW IPP And Build $1.5billion Port - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / Dangote To Divest 80% Of Food Biz,plans 2,000MW IPP And Build $1.5billion Port (698 Views)
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| Dangote To Divest 80% Of Food Biz,plans 2,000MW IPP And Build $1.5billion Port by remmyz(m): 7:56pm On Apr 02, 2012 |
Dangote Group has revealed that it is planning to sell up to 80% stakes in its Food segment businesses which include Dangote Flour, Dangote Sugar, and Nascon (Dangote Salt). Alhaji Aliko Dangote revealed the company’s strategy during a telephone interview with the Financial Times of London. This divestment out of the Food segment will allow the company to focus on its core strength, which is Infrastructure. The company plans to dabble into Petrochemicals, Mining and Power Generation. more on www.gistmi.blogger.com |
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