By - Whitehopleman
As Whitehopleman counsels against debt financed expansion comes news on CemNet Newsroom on 29th May that Nigeria’s Ibeto Cement Co Ltd has signed a deal to receive US$850m in financing from Milost Global Inc. The chairman of the Ibeto Group has announced the company’s plan to grow beyond west Africa through the acquisition of other cement businesses within the next 12 months.
Such expansion through acquisition will certainly require major due diligence work. Whitehopleman would be the consultants to assist Ibeto Cement with such due diligence assignments.