Globeleq to acquire majority stake in Nigerian power firm


Femi Asu Globeleq, an independent power generation company in Africa, has said it will take a 74 per cent majority equity stake in a Nigerian power business, CPGNL Limited, which will be rebranded as Globeleq Power Solutions Nigeria Limited. The company said the current owner of CPGNL, the Clean Energy Group, would retain the remaining
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Source: Punch Newspaper