A consurtium of investors led by Vectis, a Nigerian private equity firm and AGL, a Nigerian Conglomerate has sealed up a $12 million investment deal into Leventis Foods Ltd, BusinessDay has learnt.
The deal will see Vectis, control a majority stake in the Fast Moving Consumer Goods Firm while AGL will maintain minority stake.
The transaction is awaiting regulatory approvals. Calls put across to get proper clarification proved abortive as Both parties did not respond immediately as at the time BusinessDay filed this report.
Nigerian based ACAS and KGDl from Athens were legal advisers to the deal.
