Tiger Brands buys 63 pct of Nigeria's Dangote Flour
LAGOS, Oct 4 (Reuters) - Nigerian billionaire Aliko Dangote on Thursday sold 63 percent of Dangote Flour to South African consumer goods firm Tiger Brands in a deal worth $188 million, brokers said.
The sale of 3.1 billion shares on the Nigerian Stock Exchange was done at 9.50 naira ($0.06) per share, after regulators' approval last month.
(Reporting by Mayowa Oludare; Writing by Tim Cocks; Editing by Erica Billingham)
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Keywords: FDM TIGERBRANDS/DEAL