China Harbour Engineering completed the acquisition of a 70% stake in Lekki Port Investment from Tolaram Group for $221m.

Synopsis

China Harbour Engineering, a company providing general contracting services such as constructing heavy construction projects, completed the acquisition of a 70% stake in Lekki Port Investment, a seaport, from Tolaram Group for $221m.

Principals

target

Lekki Port Investment

bidder

China Harbour Engineering

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Market Context

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Seller Team (1)

biodun dabiri

Chairman at LEKKI PORT INVESTMENT

Investor

target

Deal

£ 165 M

Total Value

Bidder Team (1)

chris w f lau

Director at CHINA HARBOUR ENGINEERING

Manager

bidder

Deal

£ 165 M

Total Value

Vendor Team (1)

sajen aswani

CEO at TOLARAM GROUP

Manager

vendor

Deals

£ 220 M

Total Value

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