XerxES Investment Global in $164m Abuja electricity deal

XerXes Global Investments has backed a $164 million deal to acquire 60 percent of Nigeria-based utility company Abuja Electricity Distribution Company (AEDC). The investor partnered Copperbelt Energy Corporation (CEC), an electricity distribution company based in Zambia, on the transaction. The duo structured the acquisition through KANN Consortium, a holding company equally owned by the duo….

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