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Dangote Buys 25% Stake in Kenya Pipeline for $327 Million
Key Points
Energy Dangote Buys 25% Stake in Kenya Pipeline for $327 Million Aliko Dangote’s company bought 25% of Kenya Pipeline Co. as Africa’s richest man expands his energy empire across the continent. “We bought 25% of their pipeline network for the distribution of petroleum products,” the Dangote Industries Ltd. founder and chief executive officer said at an event in London on Wednesday, without saying which of his companies bought the stake.
Energy
Dangote Buys 25% Stake in Kenya Pipeline for $327 Million
Aliko Dangote’s company bought 25% of Kenya Pipeline Co. as Africa’s richest man expands his energy empire across the continent.
“We bought 25% of their pipeline network for the distribution of petroleum products,” the Dangote Industries Ltd. founder and chief executive officer said at an event in London on Wednesday, without saying which of his companies bought the stake.