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Nigerian co-founded investment giant Helios targets 49% of Mozambique’s largest flour miller as its $3 billion funds expand deeper into African food

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Nigerian co-founded investment giant Helios targets 49% of Mozambique’s largest flour miller as its $3 billion funds expand deeper into African food

Nigerian co-founded private investment firm Helios Investment Partners has agreed to acquire up to 49% of the holding company behind Merec Industries, Mozambique’s largest flour milling business. The transaction would give the Africa-focused investment firm a significant minority interest in Stratton Africa Holdings Limited, the Mauritius-incorporated parent company of Merec.

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