Sales of the 18 successor companies to the much-maligned state Power Holding Company of Nigeria, which was broken up in January, could give local banks opportunities in financing: firstly for the acquisitions and then for the rehabilitation of the dilapidated assets.
According to an adviser to one of the bidders, more than 500 local and international companies – from Brazil, Finland, France, India and elsewhere – have expressed interest in buying one or more of the generation and distribution assets.
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