Dangote Billionaire, others set to buy Peugeot Nigeria

Dangote is teaming up with the Bank of Industry (BoI), the Kaduna state and Kebbi state government to purchase major shares of Peugeot Automobile Nigeria (PAN) Limited.

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Aliko Dangote, the Chairman of Dangote Industries Limited play

Aliko Dangote, the Chairman of Dangote Industries Limited

(Pulse.ng)
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During the launch of the Bank of Industry youth empowerment scheme, Nasir el-Rufai, Governor of Kaduna state stated that Dangote is teaming up with the Bank of Industry (BoI), the Kaduna state and Kebbi state government to purchase major shares of Peugeot Automobile Nigeria (PAN) Limited.

Read: 'We will start selling FX to CBN by 2020,' billionaire businessman says

According to Reuters, El-Rufai stated that bids have been submitted to the carmaker.

We have submitted bids for the car maker … with Aliko Dangote on board together with BoI, Kebbi and Kaduna state; we are confident our bid will sail through,” El-Rufai said.

Read: Dangote, Adenuga, Otedola, Alakija, Rabiu make Forbes list 2016

Peugeot Nigeria assemble plant is located in Kaduna state. The plant has the capacity to assemple 240 cars daily.

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