国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Nigeria deals seen by end of the year

China Daily | Updated: 2015-02-09 07:45

Nigerian companies will become acquisition targets by the end of 2015 as foreign investors seek to take advantage of a slump in equity valuations caused by the falling oil price, according to law firm Baker & McKenzie.

Investors from China to South Africa are interested in Nigerian industries including agriculture and mining because prices are favorable in Africa's largest crude producer and the government will probably seek to diversify away from oil, say Baker & McKenzie analysts led by Chris Hogan in Lagos.

"As valuations of companies fall they become targets for investments, acquisition or takeover by foreign players and large local companies," says Hogan, who is a partner at the London-based firm.

Nigerian company valuations are falling as Africa's biggest economy struggles to cope with a more than 50 percent drop in the price of oil since June, reducing income. The Nigerian Stock Exchange All Share Index is down 15 percent this year, the most among 93 primary global indexes tracked by Bloomberg. The naira has slumped 13 percent against the dollar on the interbank market in the past three months, the biggest fall among 24 African currencies tracked by Bloomberg.

Baker & McKenzie has held talks with Chinese investors about potential equity-partnership opportunities with Nigerian companies operating in power, ports and transport, analyst Frances Okosi says, without giving details.

The firm has also received interest from South African companies "looking to expand in manufacturing, fast-moving consumer goods and real estate" when the Nigerian economy begins to stabilize, says Hogan.

- Bloomberg

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
淮安市| 勐海县| 广昌县| 遂川县| 静安区| 手游| 日土县| 韶关市| 尚志市| 平安县| 项城市| 娱乐| 天等县| 建德市| 墨玉县| 全南县| 新和县| 德化县| 米脂县| 浦东新区| 平安县| 长岛县| 昂仁县| 曲周县| 章丘市| 梁平县| 临城县| 夏津县| 田阳县| 泽库县| 黔西| 穆棱市| 东明县| 水富县| 华亭县| 酉阳| 扶余县| 富阳市| 长乐市| 抚州市| 夏邑县|