Abraaj takes up majority stake in Nigerian C&I Leasing

Pedro Gonçalves
clock • 1 min read

Troubled private equity firm Abraaj Investment Management is  set to get a 70% stake in C&I Leasing by converting a $10m loan into equity in the Nigerian company. C&I Leasing stated that representatives of Abraaj - managers of the Aureos Africa Fund, confirmed their intention to convert the loan stock to equity at a board of directors' meeting of C&I Leasing held in December 2018. Andrew Otike-Odibi, managing director of the Nigerian company, said the proposed debt-to-equity deal would be a positive deal for the company as it improves the capital structure of the company and helps pos...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?