AfricInvest to Acquire a Minority Stake in Elephant Group (Sub-Saharan Africa)

Source: allAfrica

Pan-African private equity firm AfricInvest has entered into an agreement with Elephant Group, a Nigeria-based agricultural commodities trading, production, processing, marketing and distribution company, to acquire a minority stake in the company. Elephant Group intends to use the funding to increase its market share in commodities trading and expand its operations across African markets. Financial details of the transaction were not disclosed.