N490/N495 (updated 13.1.17:close)
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Monday, 17 October 2016


Africa's richest man, Kano State-born Aliko Dangote, has completed the acquisition of Twister B.V., a gas processing company with headquarters in Rijswijk, Netherlands from Shell Technology Ventures Fund 1.

Dangote's Dangote Industries Limited (DIL) co-purchased the company in partnership with First E&P.

The 59-year-old all-round business mogul who set up multi-billion dollar business cement, sugar and floor empires across several African countries said in a statement:
"This was an important acquisition for us.

"Twister’s cutting edge gas processing technology is fundamental to delivering our strategy to unlock about 3 bcfd of gas in order to meet Nigeria’s gas needs."
 
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