Alhaji Aliko Dangote, has partnered the Bank of Industry (BoI) and the Kaduna and Kebbi State Governments to acquire a majority stake in Peugeot Automobile Nigeria (PAN) Limited.
The Kaduna State Governor, Nasir el-Rufai, said “We have submitted bids for the car maker … with Aliko Dangote on board together with BoI, Kebbi and Kaduna States… We are confident our bid will sail through,” reported Reuters on Thursday.
Peugeot is a joint venture between ASD Motors and the French automaker, with a long history in Nigeria, the anticipated hub of automotive assembling on the Africa continent.
El-Rufai said Kaduna and Kebbi, along with BoI and Dangote, had submitted bids for the stake which the Asset Management Corporation of Nigeria (AMCON) is looking to sell.
RT @BizWatchNigeria: Dangote Partners BOI, Kaduna To Acquire Peugeot Nigeria – https://t.co/0guXpsXbvF https://t.co/jn30dAk2yx
RT @BizWatchNigeria: Dangote Partners BOI, Kaduna To Acquire Peugeot Nigeria – https://t.co/0guXpsXbvF https://t.co/jn30dAk2yx