Oando’s $115m divestment to help deleverage balance sheet

Oando’s $115m divestment to help deleverage balance sheet

There are strong indications that Oando’s decisions to sell part of its stake in a subsidiary are to recapitalise the balance sheet, reduce its loads of interest bearing debt, fund future expansion plan and strengthen shareholder’s fund.  Last week, Helios Investment Partners LLP, a premier Africa-focused private investment firm, acquired 49 percent of the voting rights…

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