Coast2Coast further offloads 11.5% stake in Ascendis Health

Coast2Coast further offloads 11.5% stake in Ascendis Health

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SOUTH AFRICA – Ascendis Health’s private-equity backer, Coast2Coast, has sold an additional 11.5% stake in the healthcare company effectively reducing its stake in Ascendis to just 14%. Coast2Coast through its subsidiary Gane Holdings, owned 25.5% of Ascendis in December 2018, and a…

Competition authority approves Cemtech’s acquisition by Simba Cement Limited

Competition authority approves Cemtech’s acquisition by Simba Cement Limited

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KENYA – The Competition Authority of Kenya (CAK) has approved the acquisition of Cemtech Limited a Kenyan cement business by Simba Cement Limited in a move that is set revamp the factories operations after several failed attempts to start operations. The regulator…

Kensington Distillers & Vintners acquires Nigeria’s 1960 Rootz from AB InBev

Kensington Distillers & Vintners acquires Nigeria’s 1960 Rootz from AB InBev

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NIGERIA – Kensington Distillers and Vintners Limited (KDV), London-based beverage producer, has acquired the 1960 Rootz brand in form Monument Distillers Nigeria Limited owned by AB InBev. The acquisition includes the state-of-the-art manufacturing plant used to produce 1960 Rootz, which according to…