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Britain's CDC bids for stake in Nigerian bank

    ABIDJAN

    Britain's Commonwealth Development Corporation (CDC) has bid US $9.8 million for a 25-percent stake in Nigeria's FSB International Bank (FSBI.LG), Reuters quoted the government's privatisation agency as saying on Wednesday.

    The privatisation agency, the Bureau of Public Enterprises (BPE), said CDC was the sole bidder for the shares under President Olusegun Obasanjo's plan to divest state firms, starting with those already quoted on the stock exchange.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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