South African firm stakes NGN45.7bn on Dangote Cement

South African firm stakes NGN45.7bn on Dangote Cement
Published: 11 June 2013


Public Investment Corporation of South Africa (PIC) Monday bought 255,607,605 shares or 1.5 per cent of Dangote Cement Plc for NGN45.75bn (US$0.29bn) from Dangote Industries. PIC is owned 100 per cent by South African government and it has funds valued at US$115bn under its management.



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