Dangote buys majority stake in Savannah Sugar Reviewed by Momizat on . Dangote Sugar Refinery announced the acquisition of a 95 percent equity stake in Savannah Sugar Company Ltd. The deal, according to a notice filed with the Nige Dangote Sugar Refinery announced the acquisition of a 95 percent equity stake in Savannah Sugar Company Ltd. The deal, according to a notice filed with the Nige Rating:
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Dangote buys majority stake in Savannah Sugar

Dangote Sugar Refinery announced the acquisition of a 95 percent equity stake in Savannah Sugar Company Ltd.

The deal, according to a notice filed with the Nigerian Stock Exchange, was executed through a Share Sale and Purchase Agreement with Dangote Industries Ltd. through the acquisition of N2.14 billion ordinary shares of N1.00 each in Savannah Sugar.

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