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Axa buys Bouygues stake in ECP-backed Eranove

Image Credit: Emerging Capital Partners

Eranove, the West African utility group majority-owned by private equity investor Emerging Capital Partners, now has Axa as a significant stakeholder, following the French insurer’s acquisition of the 19% stake owned by diversified industrials group, Bouygues last week. A spokesman for the company declined to reveal the value of the transaction. 

Read more at Reuters…

1 Trackbacks & Pingbacks

  1. Weekly Wrap, September 14th, 2015; AfricInvest, Brait, Helios, PIC make private capital news last week | Africa Capital Digest

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