Business News

Heineken confirms, rebuffs SABMiller bid

Dutch brewer Heineken HEIN.AS said on Sunday it was approached by larger rival SABMiller SAB.L about a potential takeover but that its controlling shareholder intended to keep the company independent. The maker of Heineken and Amstel beers said it consulted with its majority shareholder and concluded that SABMiller’s proposal was […]

FirstRand Targets $924 Million for Expansion in Africa

FirstRand Ltd. (FSR), Africa’s biggest bank by market value, is setting aside 10 billion rand ($924 million) for expansion across the continent as profit increases from regions outside its home market of South Africa. “We’ve got a provisional license in Ghana and should be up and running there in early […]

Oando’s Subsidiary to Sell 60 Million Shares via Toronto Stock Exchange

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Oando Energy Resources (OER) last Friday announced that a wholly-owned subsidiary of Oando Plc, has filed a Form 45-102F1 on SEDAR as Project No. 2257775 to provide the required notice of its intention to sell up to 60 million common shares of OER through the […]