date:Sep 28, 2012
South African food company Tiger Brands has completed the acquisition of 63.4% stake in Dangote Flour Mills, a leading Nigerian manufacturer of pasta and flour, for ZAR1.5bn ($182m).
This development comes after the Nigerian authorities cleared the purchase agreement. In May 2012, Tiger Brands announced that it was in talks with Dangote Industries to acquire a stake in Dangote Flour Mills.
Tiger Brands will now hold 63.4% of Dangote Flour, while Dangote Industries will retain a 10% stake in th