• Monday, December 04, 2023
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Norrenberger bags ‘Deal of the Year Award’ at BusinessDay BAFI 2023

Norrenberger bags ‘Deal of the Year Award’ at BAFI

Norrenberger won the ‘Deal Of The Year Award’ at the 2023 edition of the BusinessDay Banks and Other Financial Institutions (BAFI) Awards held on Saturday in Lagos.

The the award is in recognition of Norrenberger’s acquisition of The Infrastructure Bank (TIB) with controlling equity stake of 60 percent. Investors watched in awe as Norrenberger concluded the acquisition arrangement which began in 2019.

Read also: Norrenberger launches N500m entrepreneurship fund for Nigerian startups

The ‘Deal of the Year Award’ recognises exceptional transactions that demonstrate innovation, strategic vision, and significant impact. Norrenberger stands out for its groundbreaking approach, transformative outcomes, meticulous execution, and positive industry disruption. The deal’s complexities, financial success, and lasting value make it a clear choice for this prestigious accolade, according to the organisers, BusinessDay Media Limited.

The BAFI Awards were developed to recognise and reward businesses and professionals that have achieved excellence in the financial industry.

Read also: Norrenberger gets NGX nod to acquire 649.8m shares of IEI

The BAFI Award is a project of the BusinessDay Research and Intelligence Unit (BRIU), and nominations for the award are the result of a thorough evaluation procedure.