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Swiss energy giant sold for $1 billion to Senegalese CEO Moussa Diao despite American-Burkinabé tycoon Simon Tiemtoré making a rival bid

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Swiss energy giant sold for $1 billion to Senegalese CEO Moussa Diao despite American-Burkinabé tycoon Simon Tiemtoré making a rival bid

Swiss energy company Oryx Energies has changed hands in a management buyout valued at about $1 billion, transferring control of the Africa-focused fuel trading and distribution business to members of its existing management team.

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